Celsius Network May Exit Bankruptcy With $78 Billion Settlements

Bankrupted crypto lender Celsius Network has reached two settlements that will allow it to return assets to customers and end its bankruptcy proceedings. The settlements, which address 78.2 billion in unsecured claims, will be analyzed by Judge Martin Glenn at a hearing on August 10. Customers who opt into the settlements will receive increased recoveries and the option to pursue individual claims against Celsius.