Celsius hopes to go for clawbacks against normal retail customer withdrawals 90 days before filing. A disaster for the industry if it goes forward.
“The Debtors will waive preference claims against any non-insider customers who (a) vote in favor of the plan and (b) have aggregate withdrawals less than a certain threshold (which is TBD) in the 90 days before the Petition Date”
Bailey
npub1fz…k6rec
2023-02-15 07:47:38
Author Public Key
npub1fzwakfdptswp3de0dz99kxcqpe8m3pr890y5nmhu92r7xc3q857qxk6recPublished at
2023-02-15 07:47:38Event JSON
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"content": "Celsius hopes to go for clawbacks against normal retail customer withdrawals 90 days before filing. A disaster for the industry if it goes forward. \n\n“The Debtors will waive preference claims against any non-insider customers who (a) vote in favor of the plan and (b) have aggregate withdrawals less than a certain threshold (which is TBD) in the 90 days before the Petition Date”",
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