Celsius Network approved to convert altcoins into BTC or ETH By Cointelegraph

© Reuters.

The United States Bankruptcy Court for the Southern District of New York has approved bankrupt crypto lender Celsius Network’s plan to convert its altcoins into (BTC) and Ether (ETH).

The order was issued by Judge Martin Glenn, and the liquidations will pave the way for the distribution of the funds to creditors in the near future.

The approved court order regarding the conversion of altcoins (screenshot). Source: Cases.stretto.com