1 year ago
The U.S. bankruptcy tribunal has authorized Celsius to administer Flare token airdrops to eligible relationship holders.
Flare Network is simply a Layer-1 protocol that connects decentralized information betwixt chains. The protocol had committed to airdrop Flare autochthonal tokens (FLR) to wallets holding astatine slightest 1 XRP token arsenic of Dec. 12, 2020.
The archetypal batch of 4.28 cardinal FLR tokens was distributed to eligible relationship holders astir 2 years later, connected Jan. 9, 2023.
However, XRP holders connected the Celsius level are yet to person their allocations owed to the crypto lender’s ongoing bankruptcy process.
Following owed information by bankruptcy Judge Martin Glenn, Celsius has been authorized to recognition the Flare tokens to eligible relationship holders.
Celsius is expected to recognition the owed magnitude of Flare tokens to relationship holders who held XRP connected the level during the December 2020 XRP snapshot.
As revealed successful the court filing connected Jan. 24 Celsius volition administer astir 150 cardinal FLR tokens straight to eligible creditors.
According to CryptoSlate data, the Flare token (FLR) is trading astatine $0.043, signaling a 0.61% diminution successful the past 24 hours.
The station Celsius gets support to airdrop Flare tokens to eligible accounts appeared archetypal connected CryptoSlate.
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