2023-05-26
Earlier today, the Celsius auction concluded and Fahrenheit was selected as the winning bid. The BRIC bid was selected as the backup bid. The Committee appreciates the efforts of Celsius and all bidders for their efforts, which generated significant value for Celsius users.
Bloomberg
Fahrenheit, bidders led by Arrington Capital, wins an auction for Celsius Network's assets, including loans, investments, and $500M in “liquid cryptocurrency”
0°C×9/5+32 = how much money to thaw frozen crypto accounts? James Cirrone / Blockworks : Fahrenheit Wins Bid for Bankrupt Celsius, Will Acquire up to $500M in Liquid Crypto Tweets:...
2023-02-15
1-In connection with its investigation, the UCC has identified significant claims and causes of action that Celsius has against Alex Mashinsky and other insiders for breaching their fiduciary obligations, fraudulent transfers, and other causes of action.
The Block
Bankrupt crypto lender Celsius proposes a sale to investment firm NovaWulf, founded in 2021 by Wall Street dealmakers; smaller creditors may regain 70% of funds
- Proposed sale would see smaller creditors get around 70% of their money back — Larger creditors would become shareholders …