Celsius Network’s Game-Changing Move: Altcoins to Bitcoin and Ethereum Conversion Sparks Industry Revolution

In a major development for the crypto lending industry, Celsius Network, which faced bankruptcy woes in 2022, has received a crucial green light from the United States Bankruptcy Court for the Southern District of New York. The court’s approval grants Celsius the authority to convert its altcoins into Bitcoin (BTC) and Ethereum (ETH) as part of its bankruptcy resolution strategy.