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 โregulatory roadblocksโ could plague the sale of Celsius much like it thwarted a fellow lenderโs acquisition. In April, crypto exchange Binance.US abruptly terminated its purchase of bankrupt crypto lender Voyagerโs $1 billion in assets after federal officials appealed the sale, citing the “hostile and uncertain regulatory climate” in the U.S.
Fahrenheit Wins Bid to Acquire Assets of Insolvent Crypto Lender Celsius
