Celsius Network, an insolvent cryptocurrency lender, announced today that it submitted a move to prolong the exclusivity clause for its reorganization plan. This would enable the lender to develop a restructuring strategy over a longer time frame. Celsius today filed a motion requesting approval to extend the Exclusivity Periods in our cases. This is the period when Celsius has the exclusive right to submit a plan of reorganization. — Celsius (@CelsiusNetwork) November 10, 2022 Why Does Celsius Need the Reorganization Plan? Celsius has requested a continuation as the time of exclusivity draws to a close. The court has the authority The post Celsius Files Motion to Extend Submission Time for Reorganization Plan appeared first on Cryptoknowmics-Crypto News and Media Platform .
