
Celsius creditors, US gov oppose bankrupt’s lender extension request due to high cash burn rate
Celsius creditors said the case must proceed toward a resolution as it has been around eight months since the firm paused withdrawals.
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Celsius' examiner report claimed Tether had over $2 billion Celsius exposure and was an "existential threat" to the lender's financial health.

The Bitcoin miner restructured its debt with its creditors, giving it more time to repay and further opportunities to reduce its debt burden.

TrueFi, Maple Finance, Goldfinch, and Centrifuge collected the third, fourth, seventh, and tenth largest sum in interest, respectively.

The company's plans must still be approved by courts and creditors.

Maple Finance Q4 report shows it originated about $87 million across 23 new loans, which is down by 67% from its previous record of $262 million.

Ben Zhao said Mirana's reported $151 million exposure was collateralized by around $120 million which has already been liquidated.