US Judge Grants Bankrupt Crypto Lender Celsius Greenlight To Convert Altcoins Into Bitcoin and Ethereum.
02 Jul 2023, 08:00
US Judge Grants Bankrupt Crypto Lender Celsius Greenlight To Convert Altcoins Into Bitcoin and Ethereum
A US judge is ruling that bankrupt crypto lender Celsius may convert its altcoin holdings into Bitcoin (BTC) and Ethereum (ETH) as a form of financial relief.
In a new court document, Judge Martin Glenn of the Southern District of New York has ruled that starting on July 1st, the troubled crypto firm will be allowed to convert all non-BTC and non-ETH cryptocurrencies into the top two digital assets by market cap.