Celsius customers to vote on settlement plan with Fahrenheit after judge gives okay

of class claims to reimburse participants in Celsius’ Earn program, as well as to increase customers’ recoveries by 5% to resolve claims concerning fraud and misrepresentation by Celsius management.

According to Bloomberg, the asset distribution would be worth about $2 billion. It added that Glenn additionally instructed Celsius to provide a “plain language” explanation of the settlement and material on crypto volatility and challenges Celsius’ mining operations could face.Customers have to opt out of the settlement in order not to participate. Celsius lawyer Chris Koenig was quoted by Bloomberg as saying disbursements could begin before the end of the year.

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