A filing by the U.S. Bankruptcy Court in the Southern District of New York states that Celsius, a crypto lending company, has received a last bid deadline of October 17th 2022. Following the bankruptcy court’s final bid deadline, a sale hearing is scheduled for November 1. A report published last week noted that Sam Bankman-Fried, the CEO and co-founder of FTX, is eyeing Celsius’ assets after winning a bid for Voyager Digital’s assets last 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 bankruptcy case indicates that the finalized dates for the company’s sale proceedings have been scheduled. A final deadline for the sale of Celsius, the now defunct crypto lender, has been set for Monday October 17.
Roughly two weeks later, a sale hearing will take place on November 1, and it’s expected that a large number of interested parties will attend. Furthermore, “a person familiar with his deal-making” told Bloomberg that FTX CEO Sam Bankman-Fried is looking to bid on the company’s assets.
The report concerning the reported bid by Bankman-Fried follows FTX acquiring Voyager Digital’s assets on September 26 for $1.4 billion. In the past Bankman Fried has stated that he was willing to invest billions in acquisition deals.
Moreover, Ripple Labs executives have shown interest in Celsius’ assets in August when a spokesperson told Reuters that “[Ripple Labs is] interested in learning about Celsius and its assets, and whether any could be relevant to our business.”
The sale hearing for Celsius’ assets on November 1 will be held via a video conference with judge Martin Glenn. The news of the finalized sale dates follows the founder and former CEO of Celsius Network Alex Mashinsky’s recent resignation.
Additionally, October 3rd reports claim that Mashinsky pulled $10 million out of the digital currency platform just weeks before it was shut down.
What do you think about the finalized dates of Celsius’ asset sale? Comment below to let us know your thoughts on this topic.
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