Celsius

Celsius Network’s stranded customers recently expressed their anger and frustration with distressed asset investors including digital asset giant NovaWulf Digital Management. The creditors and customers have accused such investors of taking advantage of their plight and scooping up Celsius’ bankruptcy claims at a discount.A Celsius creditor who goes by Tony V on Twitter recently shared a <a href="https://youtu.be/o5zWmM-nopY" rel="noopener noreferrer nofollow">video</a> from Miami Bitcoin Conference 2023 which featured Thomas Braziel and Jason New, the men who co-founded NovaWulf LLC. The co-founders were reflecting on their experience as distressed investors, which involves investing in distressed firms such as Celsius, BlockFi, FTX, etc.While addressing the conference, the NovaWulf executives shared how they were able to buy the bankruptcy claims from Celsius’ creditors at a considerable discount. Tony V expressed his anger at the distressed investors getting excited to buy the assets of helpless creditors for cheap. Fellow creditors in the comment agreed and added that NovaWulf’s investing style was predatory.Read full article at<a href="https://cryptotale.org/celsius-creditors-take-issue-with-investors-buying-cheap-bankruptcy-claims" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Celsius Creditors Take Issue With Investors Buying Cheap Bankruptcy Claims

CryptoTale

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