Celsius Valuation Advisor Approves Value of Debtors’ Assets and Liabilities

Joel E. Cohen, a mathematician and biologist representing the valuation adviser for Celsius Network, confirmed the accuracy of the fair value of specific assets and liabilities of the debtors as of May 31, 2023.

After months of discussions, the majority of Celsius creditors recently voted in favor of a plan to recover approximately $2 billion worth of Bitcoin and Ethereum.

In related updates, a court filing on September 26 concerning the bankruptcy case of BlockFi was also highlighted.