Crypto lender Celsius, which filed for bankruptcy last year, has received approval from a judge to hold a vote on its plan to sell assets to the Fahrenheit consortium. The plan would see creditors recover between 67% and 85% of their holdings, with returns largely being made in bitcoin and ether.

The vote will take place between 24 August and 22 September, with the sale involving a consortium including Arrington Capital and miner U.S. Bitcoin Corp. The company's former CEO, Alex Mashinsky, was arrested on fraud charges in July, but Celsius itself was not prosecuted and has said a $4.7bn fine imposed by the Federal Trade Commission will not affect its plans to return funds to customers.