Crypto lender CelsiusNetwork joins miner Core_Scientific in hoping to raise bankruptcy funds by selling off vouchers for BITMAINTech mining rigs. jackschickler reports
Bankrupt crypto lender Celsius is hoping to raise more than $14 million by selling discount vouchers for mining company Bitmain before they expire as it seeks to restore funds to creditors.
Celsius filed for bankruptcy in July last year as the crypto winter set in, and is now rushing to agree a wind-up plan that could include setting up a recovery corporation that offers creditors. The voucher sale proposal follows a similar deal by bankrupt bitcoin miner Core Scientific, which received approval from a judge in the Southern District of Texas on Feb. 1 to sell Bitmain coupons in an attempt to raise $1 million.
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