- #Celsius Network shuts down its app, offers users a 90-day window to withdraw assets.
- New entity named "NewCo" emerges, focusing on #crypto #mining and staking.
- NewCo plans to be listed on NASDAQ, indicating a fresh start for the company.
- Celsius #Network faced controversies and legal challenges, including arrest of former CEO.
- Legal troubles led to settlements to repay #assets to customers and end bankruptcy proceedings.
- "NewCo" partners with US Data Mining Group for mining, and Proof Group Capital Management for staking.
- SEC to supervise NewCo for transparency and trust rebuilding.
- The Fahrenheit Group plans to list NewCo's stock on NASDAQ to attract new investors.
- Celsius Network's focus on "NewCo" reflects determination to overcome challenges and rebuild.
- Success of NewCo depends on reinvention, trust rebuilding, and investor support.