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<h2 id="header-0">Celsius Fights Bankruptcy as BTC and ETH Prices Hold Key to Repayment</h2><p>Bankrupt crypto lender Celsius is facing a Chapter 11 bankruptcy with billions of dollars in claims. Bank of the Future (BF) estimates that Celsius could repay USD claims if Bitcoin and Ether prices doubled. Celsius appealed in court to convert altcoins into BTC and ETH. The new restructuring plan by Fahrenheit includes mining, institutional loans, and investments valued at $1.4 billion, along with $450 million in liquid <strong><a href="https://www.coingabbar.com/en/crypto-blogs-details/five-best-crypto-tax-calculators" rel="noopener noreferrer nofollow">crypto</a></strong>. BF compared Fahrenheit&#39;s recovery plans with BRIC&#39;s wind-down plans, estimating a 65% recovery for both, potentially rising to 75%. Founder Simon Dixon urges creditors to fight the proceedings before 2023 or the estimated price increase.</p>

Crypto Lender Celsius Battles Bankruptcy Amidst Billions in Claims

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