Celsius is a crypto lending company who on July 13th 2022 filed for bankruptcy. This came shortly after freezing withdrawals from the platform.
At its peak Celsius was valued at $3.25 billion and had it highest revenue of $21.4 million in 2022.
Celsius had previously taken out a $1.8 billon loan from Tether an early warning sign to the trouble it faced the year after.
Now to repay customers, who have been waiting for almost a year for their money back, they have been given permission by the SEC to convert $170 million or more in Altcoins into BTC or ETH.
The Altcoins they might convert include MATIC, ADA, SOL, LINK, DOT and more.
They do however still have more to sell as shown in a Celsius court document:
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