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Fortune
Fortune
Marco Quiroz-Gutierrez

Celsius to exit bankruptcy in early 2024 and give back some $2 billion to customers

(Credit: Jakub Porzycki—NurPhoto/Getty Images)

Bankrupt crypto lender Celsius is set to emerge from bankruptcy by early 2024 after its reorganization plan was approved by a New York court.

The plan would return between 67% and 85% of holdings to creditors, who largely approved the measure in September, and another $2 billion has been allocated to customers who had money on the Celsius platform.

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