Post-bankruptcy asset auction date announced

Bids for the assets of the bankrupt lending service Celsius can still be submitted until October 17th. This goes out new documents of the New York Bankruptcy Court. Digital assets and securities totaling $3.9 billion are said to be currently on Celsius balance sheets. A buyer has not yet been found for this.

According to Bloomberg, crypto billionaire and FTX founder Sam Bankman-Fried is interested in acquiring the assets. Most recently, he went on a bargain hunt by buying the assets of the bankrupt crypto lender Voyager Digital.

His acquisition would probably come as a boon for Celsius. The heavily indebted company is currently in shambles. Amid the proceedings, CEO Alex Mashinsky resigned from his post last week. Among other things, he is accused of having withdrawn ten million US dollars in funds from the company shortly before bankruptcy.

source site-17