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CATEGORY: restructuring plan

Indian crypto exchange WazirX charts recovery path after $235M cyberattack
Author: Cointelegraph by Mehab Qureshi
United States
Source: Cointelegraph.com News
Jan 11, 2025 12:00

Indian crypto exchange WazirX charts recovery path after $235M cyberattack

WazirX has implemented a Singapore-backed restructuring plan to recover from the $235 million cyberattack in July 2024.

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Celsius Network Announces Disclosure Statement for Chapter 11 Plan
Hong Kong
Source: Blockchain News
Apr 09, 2023 02:20

Celsius Network Announces Disclosure Statement for Chapter 11 Plan


Celsius Network, a bankrupt crypto lender, has announced it will move forward with its Chapter 11 restructuring plan by filing a disclosure statement on April 12. The statement is aimed at providing "adequate information" for claim holders to vote on the proposed restructuring plan sponsored by NovaWulf. The plan proposes creating a public platform fully owned by Earn creditors called NewCo, with no involvement from Celsius founder. (Read More)

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