Celsius plans to restructure the new company and allocate asset shares to creditors Token AST

ChainCatcher news, according to CoinDesk, Celsius' attorneys stated that Celsius is planning to reshape itself into a new "recovery company" to exit bankruptcy proceedings.

According to the newly announced plan (which has not yet been approved by the U.S. Trustee's Office or other regulatory bodies), creditors with locked assets exceeding a certain threshold will receive an Asset Share Token (AST), which reflects the value of their assets. AST holders can either hold the token (which will entitle them to dividends over time) or sell them on the open market. (Source link)