Bankrupt crypto lending platform Celsius has found a way to fund its proposed restart. Celsius' lawyer, Christopher S. Koenig, stated in the bankruptcy proceedings that the company plans to exit bankruptcy with $450 million in seed funding. This funding will come from Fahrenheit LLC, a group of companies highly involved in the Celsius bankruptcy case. Fahrenheit won the Celsius asset bidding in May 2023 and voted on the asset sale in August.

Reportedly, the revived Celsius will operate as a "user-owned Bitcoin miner" and may be able to compensate customers and creditors more effectively if the revival plan is successful. Although Celsius is expected to distribute $2 billion in cryptocurrency, it also plans to offer stock in the new company to creditors and litigation shares against Celsius' former CEO, Alex Mashinksy, and other executives.