Crypto Live News 
Creditors of bankrupt crypto lender Celsius have approved a restructuring plan that would return holdings back to them, according to a filing by restructuring specialist Stretto. The plan would see returns of 67%–85% to creditors, subject to approval from the U.S. Bankruptcy Court for the Southern District of New York, which will hold a confirmation hearing on October 2. The reorganization will also involve the sale of assets to crypto consortium Fahrenheit Holdings. Celsius filed for bankruptcy last year, and its former CEO, Alex Mashinsky, was arrested earlier this year on fraud charges relating to the CEL token.
Source: https://coinpedia.org/crypto-live-news/celsius-approves-the-restructuring-plan/