📉 Breaking News: New York Community Bank plunges 42%, prompting trading halt.

🏦 Crisis Unfolding? 🤔

#BankingNews #FinancialMarkets #bankcrashes #BankruptcyUpdate #BTC

📣 FTX reaches agreement with Bahamian affiliate, FTX Digital Markets, allowing creditors to choose Chapter 11 claims between debtor group and FTX digital market. Plans for asset sales to boost receivable recovery, pending approval from Delaware Bankruptcy Court and Bahamas Court. Legal battle continues over exchange asset ownership. ⚖️💼 #FTX #BankruptcyUpdate

**🚨 Just In: Celsius (CEL) Bankruptcy Update 📢**
As reported by Bloomberg, Celsius, currently in the midst of bankruptcy proceedings, has made a request to the court to permit the repayment of a portion of its debt by the year's end. Celsius revealed its intention to secure financial assistance of $450 million from the Fahrenheit consortium. The court is set to conduct a comprehensive review of recent bankruptcy plan opinions submitted by Celsius creditors to determine whether debt repayment should be approved.
#BankruptcyUpdate #DebtRepayment #FinancialSupport #FahrenheitConsortium #CourtDecision

🚨💰 Celsius Makes Waves with $2.5B Return to Creditors! 🚀

In a major update, bankrupt crypto lender #Celsius has returned a staggering $2.53 billion to approximately 251,000 creditors, according to a court filing on August 26!

What You Need to Know:
• Distribution Breakdown: Since January 2024, Celsius has disbursed over $3 billion in assets, with payments made in liquid crypto and cash valued as of January 16.
• Current Holdings: Only $12.96 million in crypto remains on-chain.

This landmark move is a crucial development in the bankruptcy proceedings and is set to impact thousands across the crypto landscape.

Stay tuned for more updates and follow the unfolding story!

#CelsiusLawsuit #CryptoNews #BankruptcyUpdate