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Celsius has a Hail Mary bankruptcy plan: Turn its debt into a new cryptocurrency

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cnbc.com

Since bankrupt crypto lender Celsius froze withdrawals in June, customers' funds have been in limbo. Now, leaked audio shared with CNBC reveals a preliminary plan to compensate them.

The company wants to issue an «IOU» cryptocurrency  to customers that signed up for some of its accounts. The recording was provided by Tiffany Fong, who says she is one of the 500,000 Celsius customers with funds locked in the platform.

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