Celsius Network Plans Hyperwallet Repayment
This is a New York news story, published by CoinGape, that relates primarily to Celsius Network news.
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•Celsius Network plans to leverage PayPal’s Hyperwallet services to repay creditors
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.
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21
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