1 year ago
Embattled crypto lender Celsius Network has acceptable a last bid day of Oct. 17 for the merchantability of its assets, according to an Oct. 3 tribunal filing.
According to the filing, the steadfast would auction its assets connected Oct. 20, if necessary. The papers revealed that a income proceeding is acceptable for Nov. 1 earlier Chief US Bankruptcy Judge Martin Glenn via Zoom. It was besides stated that the fig of participants successful the proceeding is expected to beryllium large.
Potential bidders
Several firms had antecedently shown involvement successful acquiring the assets of the struggling crypto firm.
Reports had revealed that FTX laminitis and CEO Sam Bankman-Fried could be bidding for the assets of the cryptocurrency lender. The crypto billionaire stated that his steadfast would wage a “fair marketplace price” for Celsius’ assets if it gets progressive successful the bankrupt lender acquisition process.
He added that the extremity of his acquisition would beryllium to marque Celsius’ customers whole.
Another imaginable bidder for the firm’s assets is Goldman Sachs. The starring fiscal instauration was reportedly looking to rise $2 cardinal from investors to acquisition Celsius crypto assets astatine a discount.
Meanwhile, Celsius capitalist Simon Dixon has expressed reservations astir selling the bankrupt firm’s assets to an outer investor. According to Dixon, lone creditors tin marque different creditors whole.
Other Celsius users besides shared the aforesaid view, saying the steadfast needs a re-organization, not a sale.
Need a re-org not a sale. thing little past each our coins backmost is acceptable. Equity successful the mining institution is the mode to capable the hole. IOU token for symptom but equity is what volition work.
— Jason © (@CeljayCel) September 30, 2022
The station Bankrupt crypto lender Celsius to auction assets connected Oct. 20 appeared archetypal connected CryptoSlate.
English (US) 