Celsius is still grappling with a $1.2 billion black hole in its finances, and bankruptcy proceedings continue 💸
leaked online
Customers would then have the option to redeem them, trade them on exchanges, or keep hold of them in the hope that Celsius Network recovers. This approach has been taken in the past. When a hack caused Bitfinex to lose 120,000 BTC in the middle of 2016, it issued debt tokens to those who were affected. The company later managed to buy these tokens back.
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