{"id":164867,"date":"2022-10-05T15:38:40","date_gmt":"2022-10-05T15:38:40","guid":{"rendered":"https:\/\/precoinnews.com\/?p=164867"},"modified":"2022-10-05T15:38:40","modified_gmt":"2022-10-05T15:38:40","slug":"bankrupt-crypto-lender-celsius-asset-sale-is-scheduled-sources-say-ftx-ceo-may-bid-bitcoin-news","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/bankrupt-crypto-lender-celsius-asset-sale-is-scheduled-sources-say-ftx-ceo-may-bid-bitcoin-news\/","title":{"rendered":"Bankrupt Crypto Lender Celsius' Asset Sale Is Scheduled, Sources Say FTX CEO May Bid – Bitcoin News"},"content":{"rendered":"
According to a filing published by the U.S. Bankruptcy Court for the Southern District of New York, the crypto lending firm Celsius has been given a final bid deadline of October 17, 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.<\/strong><\/p>\n 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. The now-defunct crypto lender Celsius has been given a final bid deadline which is now set for Monday, October 17.<\/p>\n 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.<\/p>\n The report concerning the reported bid by Bankman-Fried follows FTX acquiring Voyager Digital’s assets on September 26 for $1.4 billion. Bankman-Fried has told the press in the past that he and FTX were willing to deploy billions on acquisition deals.<\/p>\n 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.”<\/p>\n <\/p>\n 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.<\/p>\n Furthermore, reports published on October 3 allege that Mashinsky withdrew $10 million from the digital currency platform weeks before the company shut down operations.<\/p>\nCelsius Bankruptcy Sale Hearing Has Been Finalized — Myriad Interested Parties Expected to Attend Crypto Lender’s Asset Sale<\/h2>\n