Bankruptcy Crypto Company Has Set Date For Asset Auction | Catch My Job


(Bloomberg) — Bankrupt digital currency lender Celsius Network Ltd. has set a date for the auction of its assets.

Celsius will have a final bid deadline of Oct. 17 at 4 p.m., with auctions, if needed, Oct. 20 at 10 a.m., according to a lawsuit filed by the U.S. Bankruptcy Court for the Southern District of New York. on monday

A hearing on the sale will take place Nov. 1 at 11 a.m., before Federal Bankruptcy Court Judge Martin Glenn via Zoom, the filing said. He added that a large number of participants were expected.

Celsius was one of the most notorious casualties from this year’s crypto market crash, citing the likes of TerraUSD stablecoin, hedge fund Three Arrows Capital and lender Voyager Digital Ltd. founder Alex Mashinsky recently. resigned from the position of Chief Executive Officer To Chief Financial Officer Chris Ferraro, JPMorgan Chase & Co. alum.

Read more: Celsius CEO Resigns as Bankrupt Crypto Company Works to Survive

Sam Bankman-Fried, a crypto billionaire who has bailed on players in the industry that has been in trouble for the past few months. It is considering bidding for Celsius assets, Bloomberg News reported last week. by referring to a person familiar with his agreement

©2022 Bloomberg L.P.


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