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Celsius's Bankruptcy Exit and Restart
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Overview
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Celsius Network, a failed crypto lender, seeks court approval for a bankruptcy exit plan to restart as a user-owned bitcoin miner, aiming to repay customers and raise $450 million in capital. The plan faces opposition from customers and regulatory clearance, while the CEO is guiding the company through bankruptcy.
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How might the bankruptcy exit and restart of Celsius Network impact the broader cryptocurrency industry and investor confidence?
In what ways does the opposition from customers and regulatory clearance highlight the challenges and vulnerabilities in the cryptocurrency lending sector?
What are the potential regulatory implications for Celsius Network's plan to restart as a bitcoin miner, and how might they affect the future of cryptocurrency lending?
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