Crypto Update | Stablecoins Are Not Worth the Risk
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The Bankrupt Crypto Lender's Sale Plan to Nova Wolf Digital Management
Dettors of bankrupt crypto lender Celsius have presented a sale plan to the US bankruptcy court for the Southern District of New York. Court documents show that the circle of former executives and insiders are required to produce certain documents by February 16, which is tomorrow. The next step will be to finalize a binding agreement that designates Nova Wolf as the successful bidder. According to the plan, Nova Wolf will make a direct cash contribution of $45 to $55 million to the new co.
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