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Celsius Network reaches settlements to exit bankruptcy

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Bankrupted crypto lender Celsius Network reached two settlements that allows it to return assets to customers and end its bankruptcy proceedings, according to court filings on July 20.

The settlements will be analyzed by Judge Martin Glenn at a hearing on August 10 and address $78.2 billion in unsecured claims. Any responses and objections should be submitted to the court by August 3.

Screenshot – Notice of Hearing on Joint Motion for Approving Settlements. Source: Stretto.

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