General World News

Figure partners with NovaWulf on proposed reorg of crypto lender Celsius

Fintech Figure Technologies will partner with NovaWulf Digital Management to provide blockchain technology solutions for a proposed reorganization of troubled crypto lender Celsius.

The partnership was made public by Figure on Thursday and comes a day after an announcement from Celsius — which filed for bankruptcy in July 2022 — that it will be acquired by NovaWulf. 

The reorganization plan will distribute “liquid crypto to all account holders” and create a “litigation trust” while also providing creditors with common equity in a new company called NewCo — which would be owned by certain Celsius’ creditors and managed by details ⇒

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