Celsius nagovještava lansiranje novih tokena kao dio plana restrukturiranja: izvještaj

There may be a new Celsius token on the horizon.

As part of the defunct crypto lender’s reorganization plans, Celsius is mulling the issuance of a new crypto token that would let the firm raise funds and repay its creditors, per a Bloomberg izveštaj.

In a court hearing on Tuesday, Celsius’ attorney Ross M. Kwasteniet told U.S. bankruptcy judge Martin Glenn that a properly licensed and publicly-traded company, such as a revived Celsius, would be able to raise more money for creditors as opposed to simply selling its limited assets at today’s prices.

According to Kwasteniet, offers for Celsius’ individual assets “have not been compelling.”

The reorganization plan has reportedly been brought up for a discussion with Celsius’ creditor groups and will be voted on, although the vote would not be binding for the court when making the decision.

The lender’s plans aren’t the first to introduce a new token to evade financial troubles, either.

Previous examples of crypto companies issuing tokens included Bitcoin exchange Bitfinex, which launched the LEO žeton in 2019 to cover losses from its dealings with Panama-based Crypto Capital. Elsewhere, Poolin, a Beijing-based Bitcoin mining pool, zaustavljena povlačenja last September and addressed the matter by issuing IOU (I Owe You) debt tokens.

Should the court greenlight Celsius’ reorganization plan, the new company’s assets would include a portfolio of loans and other investments, as well Bitcoin mining machines operated by Celsius, according to Kwasteniet.

The Celsius’ attorney added that court filings detailing the proposed plan will be published later this week.

Dešifriraj has reached out to Celsius and Ross M. Kwasteniet for additional comments.

Celsius’ financial woes

The embattled crypto lender, which allowed users to earn returns on their digital assets, podnesen radi zaštite od stečaja in July last year, revealing a $1.2 billion hole in its balance sheet.

Apart from facing creditors’ claims i optužbe za pokretanje Ponzi šeme, Celsius also found itself dragged into a dispute with Bitcoin mining company Core Scientific—which itself propao in December—after it stopped covering its share of the electricity bills.

Earlier in January, the two bankrupt companies postigao sporazum to shut off 37,000 Celsius mining rigs that Core claimed cost the firm as much as $53,000 a day.

Former Celsius CEO Alex Mashinksy was also sued this month by New York Attorney General Letitia James, who navodi da je Mašinski „obećao da će investitore dovesti do finansijske slobode, ali ih je odveo na put finansijske propasti“.