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Celsius Creditors Urged to Exit Chapter 11 Bankruptcy Now: Details

Published 19/10/2023, 15:23
Celsius Creditors Urged to Exit Chapter 11 Bankruptcy Now: Details

Coin Edition -

  • Simon Dixon warns Celsius about the inter-relationship with the FTX Chapter 11 Case.

  • Dixon highlights past $3 billion transactions between Celsius and Alameda Research.

  • FTX offers a proposed settlement for customers to recover up to 90% of lost assets potentially.

Simon Dixon, a prominent figure in the crypto community known for keenly following Celsius’ bankruptcy proceedings, recently took to the X platform to issue stern warnings to Celsius Creditors concerning resolving the insolvency matter.

In the statement, Dixon expressed concerns about the ongoing Celsius Chapter 11 case and its connection with FTX, another embattled crypto platform with a bankruptcy case. Specifically, he emphasized the need for Celsius to exit its Chapter 11 as soon as possible and that creditors should be careful about what they ask regarding FTX.

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