Celsius Shareholder BnkToTheFuture Proposes Bitcoin Investments, Restructuring in Rescue Bid

From coindesk.com

Crypto investment platform BnkToTheFuture proposed three recovery plans on Thursday aimed at helping users affected by the insolvency of crypto lender Celsius. BnkToTheFuture is registered as an excluded securities business with the Cayman Islands Monetary Authority and holds 5% of Celsius. “We believe that this allows us to call a shareholder meeting as part of our statutory shareholder rights that legally cannot be ignored by the Celsius board,” it said in the Thursday post. The first proposal calls for restructuring and relaunching Celsius, which would allow depositors to benefit from “any recovery through ... (full story)