“Our Disclosure Statement will include a summary of the Plan, account-holder recovery percentages, frequently asked questions, and additional information on certain risk factors,” Celsius explained.

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Celsius Network, the bankrupt cryptocurrency lender, has declared that it would proceed with its Chapter 11 reorganization plan with a disclosure statement providing information for claim holders.

Celsius debtors stated in an April 7 notification to subscribers that they will submit a disclosure declaration on April 12. According to a March 31 court filing in the United States Bankruptcy Court for the Southern District of New York, the statement was intended to provide “adequate information” for claim holders to vote on NovaWulf’s proposed restructuring plan.

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