People familiar with the matter: Celsius’ bankruptcy restart plan has encountered obstacles in the SEC, and more information may be required for evaluation

People familiar with the matter said that Celsius’s restart plan was blocked by the US SEC. There are currently ongoing discussions between the SEC, the Celsius Creditors Committee and Fahrenheit regarding the legacy asset information held by Celsius. People familiar with the matter said they believe the SEC is asking for more information before making a decision, and the SEC wants to see the situation in all parts of the company. Fahrenheit’s issues with Celsius’ legacy assets include the distribution of approximately $2 billion worth of Bitcoin and Ethereum to creditors, as well as equity stakes in the new company. According to a document, the new entity will operate and further build Celsius’ Bitcoin mining operations, stake Ethereum, monetize other illiquid assets and develop new business opportunities. If this plan falls through, the approved backup plan is to gradually wind down and liquidate Celsius' assets. (CoinDesk) According to previous news, a New York judge approved Celsius’ plan to use mining companies to repay creditors, and Celsius is emerging from bankruptcy. "The plan is confirmed under Section 1129 of the Bankruptcy Code," Judge Martin Glenn said in the order. Creditors voted in September in favor of a plan that would distribute roughly $2 billion worth of Bitcoin and Ethereum to creditors. Under the plan, a new company will build its mining and staking operations and be managed by the Fahrenheit Group, which successfully acquired Celsius’ assets in a bid in May.