Debtors who log on to the password borrower Celsius Network have the right to sell coupons worth about $7.4 million for mining company Bitmain, according to the bankruptcy judge's ruling.

In a court filing on February 16th, George Glenn, the foreign bankruptcy presiding judge, stated that it was in the best interests of the debtor's property, debtors and others to allow ℃ debtors to sell his Binais zero-coupon bonds. The presiding judge's decision did not restrict the debtor from settling the property in question, which required the permission of the unsecured creditors' committee.

Christopher Ferraro, Celsius interim CEO, announced in an announcement on February 9th that debtors expected to sell Bitmain coupons for about $7.4 million. According to Ferraro, coupons allow interested parties to buy Bitmain drilling rigs at a 10% to 30% discount in the near future.

Ferraro made it clear at the time that while there was a big discount on the appearance of $7.4 million compared to nearly $37 million in Bitmain coupons, the Debtor couple felt the price was comparable to the market and was more available than Bitmain coupons that were worthless in Debtor's hands when they expired. Based on Debtors's diligent marketing efforts to sell similar properties, the Debtor couple estimated that the sale of Bitmain zero-coupon bonds would have to be very discounted compared to their appearance.

Judge Glenn's ruling came after debtors of the password credit company submitted a restructuring plan on Feb. 15, in which Celsius selected NovaWulf Digital Management as its advertiser. Under the proposed plan, NovaWulf will provide $45 million to $55 million in immediate cash donations to newly restructured companies.

The bankruptcy proceedings of large enterprises affected during the collapse of the sales market in 2022 have been carried out in foreign courts. Access to the password trading center FTX-- was verified by the bankruptcy court and was at the heart of the criminal case in the federal court-recently issued court subpoenas to leading insiders, including former CEO Rob Bankman-Fried.