about the subject published by Bloomberg on Jan. 24, reveal that Celsius lawyers have detailed that the bankrupt company would like to become a publicly traded recovery corporation that could issue a debt token in order to repay creditors.attorney Ross M. Kwasteniet, the plan and the new asset would be called an “Asset Share Token” . More specifically, Celsius creditors who meet certain threshold requirements would be eligible to receive the AST.
The Asset Share Token won’t give creditors full recovery and they would receive a haircut on what they are owed. According to Celsius attorney Ross M. Kwasteniet, while it may not be a complete recovery, the proposal would be beneficial to creditors looking for liquid assets. He mentioned that the AST would be readily tradable, similar to many of the crypto assets today.
Are you a creditor of Celsius? Share your thoughts on the AST proposal 💬 debt creditors
What impact will the AST have on the crypto market? 🤔 Celsius debt creditors
Will the AST be tradable like other crypto assets? 🤔 Celsius debt
What do you think of Celsius' plan to repay creditors with an AST? 🤔 crypto debt
Will the AssetShareToken (AST) be the solution for creditors of Celsius? 🤔💸 crypto debt creditors
Thie_rno56 Could someone link me to that defi money ?making method people have be}en using Just read about it in the news but cannot find] the tutorial?;- '
INX_Group are you part of this? It’s now or never. alansilbert avneris CelsiusNetwork