Bankrupt Crypto Lender Celsius Wins Approval Give Out Bonuses to Stem Exodus
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Bankrupt cryptocurrency lender Celsius Network LLC won court approval to give out bonuses totaling as much as $2.8 million to workers in a bid to keep them from quitting.
The payments will go to non-executive employees helping Celsius keep the lights on while the company works to exit bankruptcy, according to a plan approved by US Bankruptcy Judge Martin Glenn on Monday. Celsius needs to file a restructuring plan by Feb. 15, according to an arrangement also approved in court on Monday.