Celsius amasses 30 potential bidders for its assets, withdrawal motion approved
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Bankrupt crypto lender Celsius Network has attracted 30 potential bidders for its various assets, including its retail platform and mining business.
According to a company
In related news, on Dec. 20 bankruptcy judge Martin Glenn granted a motion filed by Celsius on Sept. 1, allowing them to reopen withdrawals for a minority of their customers.
The assets eligible to be withdrawn are those that were only ever held in the Custody Program; for amounts less than $7,575; and for funds that were transferred from Earn or Borrow Programs into the Custody program within 90 days of Celsius filing for bankruptcy on July 13.
The order also applies to “ineligible Withhold Assets,” with assets included in this definition to be determined following meetings between Celsius, the Withhold Ad Hoc Group and the Celsius Official Committee of Unsecured Creditors.
