Judecătorul din NY permite Celsius să mine și să vândă, dar numai Bitcoin

NY Judge allows Celsius to mine and sell assets, but only Bitcoin, while it is in bankruptcy. This news developed less than a day after disclosing a three-month cash flow forecast that threatens to completely deplete all available money.

After reports of insolvency arose in July 2022, Celsius Networks has been in the crosshairs of American authorities, endangering the live savings of several cryptocurrency investors.

Săptămâna trecută mulți s-au supărat foarte tare pe mine, așa cum am spus @CelsiusNetwork ar rămâne fără bani și soluțiile necesare pentru a fi acționate mai repede. Mi s-a spus că nu înțeleg capitolul 11. Acum au confirmat că rămân fără bani până în octombrie. https://t.co/CyzjgKpId7 pic.twitter.com/vBIRIGEmG2

— Simon Dixon (Atenție la imitatori) (@SimonDixonTwitt) August 15, 2022

NY Judge Allows Celsius To Mine And Sell Bitcoin

The Southern District of New York’s Chief Bankruptcy Judge Martin Glenn granted Celsuis’ request to run BTC mining and selling operations in order to restore financial stability on the second day of the case hearing.

Glenn, however, raised questions about whether mining BTC would be immediately profitable given the significant upfront costs associated with building up the necessary equipment.

Astăzi, alături de Comitetul creditorilor negarantați (UCC), format în principal din clienți, mandatarul SUA și o serie de alte părți cheie, am participat la Audierea de a doua zi, unde am continuat dialogul în jurul eforturilor Celsius de a maximiza valoarea pentru comunitate.

- Celsius (@CelsiusNetwork) August 17, 2022

However, the most recent approval is only valid for mining and selling Bitcoin. The court ordered the crypto lender to disclose information about the assets beforehand and prohibited Celsius from selling stock or loan stakes in other cryptocurrency enterprises.

Concerns expressed by investors on the unfair results reported by more than 250 clients led to the decision to permit a defaulting cryptocurrency company to start conducting crypto mining activities, as indicated above.

The company’s counsel reassured investors that Celsius will make money from investing in mining despite worries that they may run out of money by October. After Celsius made it clear that company would only sell the mined Bitcoin for cash, the U.S. Department of Justice and the Texas State Securities Board likewise removed their opposition to its plans to go into Bitcoin mining.

Additionally, Celsius stated at the hearing that since the petition was filed, BTC prices have increased by 25%. Before Celsius’ departure and the allocation of monies, the plan will be finalized during the last hearing on September 1.

Hodlnaut News

On August 8, the Singapore-based cryptocurrency lending platform Hodlnaut halted deposits and withdrawals due to unstable markets.

Hodlnaut claimed that he has started working on recovery plans shortly after announcing the suspension of services, including token swaps, and added:

„Ne consultăm cu Damodara Ong LLC cu privire la fezabilitatea și termenele planului nostru de execuție preconizat și ne dezvoltăm o strategie de recuperare având în vedere interesele utilizatorilor noștri.”

Hodlnaut suspended all of its social media accounts, except Twitter and Telegram.