Online investment platform BnkToTheFuture, which owns a stake in Celsius, has announced three recovery plans for a crypto lender facing a liquidity crisis.

“BnkToTheFuture and our CEO Simon Dixon, as contributors and shareholders, are committed to doing everything we can to find a good solution for Celsius customers and shareholders. “We’ve done this successfully with other companies before and we can do it again,” he said.

The company owns more than 5% of Celsius shares, and Dixon is named “one of the largest contributors” to the crypto lender in a statement.

We were asked not to consider the rehabilitation options proposed in BnkToTheFuture as legal advice. These include:

1. Restructuring Celsius and enabling contributors to benefit from the recovery through financial engineering. The authors noted that this route is associated with risks and does not guarantee a full refund.
2. Joint investment by the pool of “most influential bitcoin whales” and the community. The firm used a similar plan to restore Bitfinex in 2016. It was previously presented by Dixon for Celsius.
3. An operational plan that will allow the new organization and team to rebuild and recover contributed funds. According to the authors, the option also does not guarantee a full return with associated risks.

BnkToTheFuture has submitted its proposals to the community for consideration. Before holding a shareholders’ meeting, the company intends to get users’ opinions and possibly get other options from them to rehabilitate Celsius.

Celsius said it “continues to take steps to protect assets and explore the options available.”

“These options include, among other things, restructuring our debts as well as executing strategic transactions. These studies are complex and time-consuming, but we want the community to know that our teams are working with experts from a wide variety of fields,” the message says.

On June 13, Celsius suspended withdrawals, clearing and transfers between accounts “due to extreme market conditions”.

According to media reports, prominent investors of the crypto lending company have refused to give him additional funding.

Georgetown University law professor Adam Levitin said the Celsius leadership was betting on a “resurrection gamble”. According to him, the bankruptcy of the company is almost inevitable.

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