Bankrupt crypto lender Celsius Community has chosen NovaWulf Digital Administration because the sponsor for its proposed Chapter 11 restructuring plan, which is able to see the funding advisory agency take over the operations of a brand new firm and most clients estimated to get better as much as 70% of their funds.
Celsius introduced the plan on Feb. 15 in a submitting to the USA Chapter Court docket for the Southern District of New York. The proposed plan has the assist of the Celsius Official Committee of Unsecured Collectors (UCC) — a physique representing the pursuits of Celsius account holders.
