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Fahrenheit Wins Bid to Acquire Assets of Insolvent Crypto Lender Celsius

by Index Investing News
May 25, 2023
in Cryptocurrency
Reading Time: 1 min read
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The bid, though accepted by Celsius and a committee of its creditors, must still be approved by regulators to finalize the acquisition. Months ago, Bankruptcy Court Judge Martin Glenn warned “regulatory roadblocks” could plague the sale of Celsius much like it thwarted a fellow lender’s acquisition. In April, crypto exchange Binance.US abruptly terminated its purchase of bankrupt crypto lender Voyager’s $1 billion in assets after federal officials appealed the sale, citing the “hostile and uncertain regulatory climate” in the U.S.



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Tags: AcquireAssetsbidCelsiusCryptoFahrenheitInsolventLenderWins
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