Crypto lender Celsius has been given a final bid deadline of October 17, 2022, according to a filing released by the U.S. Bankruptcy Court for the Southern District of New York. A sale hearing is scheduled for November 1 following the bankruptcy court’s final bid deadline. Reports released last week indicated that FTX CEO and co-founder Sam Bankman-Fried is eyeing Celsius’ assets after winning the bid for Voyager Digital’s assets last month.
Celsius Bankruptcy Sale Hearing Has Been Finalized – Myriad Interested Parties Expended to Attend Crypto Lender’s Asset Sale
Sale Hearing Has Been Finalized – Myriad Interested Parties Expanded to Attend Crypto Lender’s Asset Sale.
Officialcourt filingsstemming from the Celsius Chapter 11 bankruptcy case indicate that a final date has been scheduled for the company’s sale proceedings. Celsius, the now-defunct crypto lender, has been given a final bid deadline set for Monday, October 17.
A sale hearing will be held approximately two weeks later, on November 1, and many interested parties are expected to attend. In addition, “people familiar with his dealings”toldBloomberg that FTX CEO Sam Bankman-Fried is considering a bid for the company’s assets.
Bankman-Fried’s reports of a bid follow FTX’s acquisition of Voyager Digital’s assets for $1.4 billion on September 26; Bankman-Fried has told reporters in the past that he and FTX are willing to invest billions of dollars in acquisition deals.
In addition, RippleLabs executives expressed interest in Celsius’ assets when a spokesperson told Reuters in August that “(RippleLabs) is interested in learning about Celsius and its assets and whether any of them could be relevant to our business.”
The November 1 sale hearing of Celsius’ assets will be conducted via video conference with Judge Martin Glenn. News of the sale date decision follows the recent resignation of Celsius Network founder and former CEO Alex Masinski.
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