The bankruptcy judge in the southern district of New York has approved Celsius’ exchange of altcoins for BTC and ETH starting from July 1st.
Celsius can exchange altcoins for BTC and ETH starting from July 1st after approval from the bankruptcy judge in the southern district of New York.Bankruptcy judge Martin Glenn in the southern district of New York has approved Celsius to sell or exchange any altcoins for BTC and ETH starting from July 1. Previously, Celsius was allowed to begin liquidating its altcoins last Friday in preparation for distribution to creditors, which will only be done in BTC and ETH.
Reference: https://www.coindesk.com/policy/2023/06/30/bankrupt-celsius-can-convert-altcoins-to-btc-eth-starting-july-1-following-sec-talks/
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