Crypto Lender Celsius Gets Fresh Start After $4.7B Bankruptcy, CEL Token Up 27%
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Benzinga
Benzinga
Crypto lenderCelsius (CRYPTO: CEL) saw its CEL token trade 27% higher, taking its seven-day trading gain to 39%, on the heels of a dramatic bankruptcy case. What Happened: Market cap and trading volume in the past 24 hours increased 27% and 20%, respectively. The momentum came asChief Judge Martin Glenn of the U.S. Southern District of New York Bankruptcy Court confirmed a reorganization plan. Celsius will return 67%-85% of holdings to creditors, CoinDesk reports. Customers with funds tied up in Celsius will receive about 25 cents per CEL token. Fahrenheit Holdings, a group that includes Arrin…