Troubled cryptocurrency lender Celsius Network has set a final bid date for its asset sale on Oct. 17, according to a court on Oct. 3. filing.
The company will auction the property on October 20, if necessary, according to filings. According to the document, it was revealed that Sales’s hearing was scheduled for Nov. 1 in the presence of his Judge Martin Wren, Chief of the U.S. Bankruptcy Court, via Zoom. It was also stated that the number of participants in the public hearing is expected to be high.
potential bidders
Several companies have long expressed interest in acquiring assets from struggling cryptocurrency companies.
According to reports, FTX founder and CEO Sam Bankman-Fried may be bidding for assets of a cryptocurrency lender. said the company would pay a “fair market value” for Celsius’ assets.
The goal of his acquisition, he added, is to rejuvenate Celsius customers.
Another potential bidder for the company’s assets is Goldman Sachs. A major financial institution was reportedly aiming to raise his $2 billion from investors to buy Celsius’s crypto assets at a discount.
Meanwhile, Celsius investor Simon Dixon has expressed concerns about selling the assets of a bankrupt company to outside investors. can be perfect.
Other Celsius users shared the same opinion, saying the company needed a reorganization rather than a sale.
We need a reorganization, not a sale. All our coinbacks are accepted. Equity in mining companies is a way to fill the void. An IOU token for pain, but fairness works.
— Jason © (@CeljayCel) September 30, 2022
