New Jersey-based Celsius said it will not assess interest or penalties after the loan expires, in an application to the US Bankruptcy Court for the Southern District of New York.
Celsius filed for bankruptcy in July, with assets and liabilities estimated at between $1 billion and $10 billion, with more than 100,000 creditors.
The lender also listed a deficit of $1.19 billion on its balance sheet and had about 23,000 outstanding loans to retail borrowers, totaling $411 million backed by collateral with a market value of $765.5 million in assets. digital, on July 13 this year.
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