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CoinGape

CoinGape

Celsius Network plans to leverage PayPal’s Hyperwallet services to repay creditors

CoinGape
Summary
Nutrition label

58% Informative

Celsius Network has filed a notice with the United States Bankruptcy Court for the Southern District of New York regarding its creditor fund distribution plans.

The bankrupt digital currency lending platform, Celsius Network , has made a number of efforts to recoup funds to repay its creditors.

Recently, the firm sued Tether for $2.4 billion over some Bitcoin transactions prior to its downfall.

As a PayPal subsidiary, the protocol can help streamline the movement of funds from crypto to cash and vice versa.

VR Score

34

Informative language

21

Neutral language

55

Article tone

formal

Language

English

Language complexity

47

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

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no affiliate links