April 14, 2024


According to a submitting revealed by the U.S. Bankruptcy Court for the Southern District of New York, the crypto lending agency Celsius has been given a last bid deadline of October 17, 2022. Following the chapter courtroom’s last bid deadline, a sale listening to is scheduled for November 1. A report revealed final week famous that Sam Bankman-Fried, the CEO and co-founder of FTX, is eyeing Celsius’ belongings after profitable a bid for Voyager Digital’s belongings final month.

Celsius Bankruptcy Sale Hearing Has Been Finalized — Myriad Interested Parties Expected to Attend Crypto Lender’s Asset Sale

An official court filing stemming from the Celsius Chapter 11 chapter case signifies that the finalized dates for the corporate’s sale proceedings have been scheduled. The now-defunct crypto lender Celsius has been given a last bid deadline which is now set for Monday, October 17.

Roughly two weeks later, a sale listening to will happen on November 1, and it’s anticipated that a lot of events will attend. Furthermore, “a person familiar with his deal-making” told Bloomberg that FTX CEO Sam Bankman-Fried is trying to bid on the corporate’s belongings.

The report regarding the reported bid by Bankman-Fried follows FTX buying Voyager Digital’s belongings on September 26 for $1.4 billion. Bankman-Fried has advised the press up to now that he and FTX have been willing to deploy billions on acquisition offers.

Moreover, Ripple Labs executives have shown interest in Celsius’ belongings in August when a spokesperson advised Reuters that “[Ripple Labs is] interested in learning about Celsius and its assets, and whether any could be relevant to our business.”

The sale listening to for Celsius’ belongings on November 1 might be held by way of a video convention with choose Martin Glenn. The information of the finalized sale dates follows the founder and former CEO of Celsius Network Alex Mashinsky’s current resignation.

Furthermore, stories revealed on October 3 allege that Mashinsky withdrew $10 million from the digital currency platform weeks earlier than the corporate shut down operations.

Tags on this story
Bankruptcy, Bankruptcy Court, Celsius, Celsius CEO Alex Mashinsky, Celsius crypto lender, Chapter 11 Bankruptcy, court examiner, Court Filings, Court trustee, Crypto lender, examiner, Finalized Sale, FTX CEO, Insolvency, judge Martin Glenn, reorganizing, Ripple, Ripple Labs, Sale Hearing, Sam Bankman-Fried, Southern District of New York

What do you consider the finalized dates of Celsius’ asset sale? Let us know what you consider this topic within the feedback part beneath.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a monetary tech journalist residing in Florida. Redman has been an energetic member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 6,000 articles for Bitcoin.com News in regards to the disruptive protocols rising at the moment.




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