Celsius Network Announces FINAL Auction Date

October 4, 2022 12:52 pm Comments

Celsius may soon be relieved of its troubles…

The firm filed for Chapter 11 Bankruptcy earlier this year after a sharp market downturn wiped away over $1 billion of the company’s assets.

Since the collapse of Celsius, numerous potential buyers have lined up to announce that they are ready and willing to buy the troubled entities’ assets, such as Ripple and FTX.

Now we have an official date for the final sale of Celsius’ assets…

All bids will be required to be submitted by October 17th and an auction will be held on October 20th, if one is actually needed.

Currently, FTX’s Sam Bankman-Fried seems to be the leading contender in acquiring Celsius; however, it remains to be seen who will take the cake.

Here are the facts:

According to Finbold:

According to the filing, a hearing about the sale will take place on November 1 at 11 a.m. before the Chief US Bankruptcy Judge Martin Glenn via Zoom. The filing also said that many participants are anticipated for the hearing.


Ethereum World News reminds readers:

In addition to this, Alex Mahinsky, CEO of Celsius Network, has recently submitted his resignation to the board. Mahinsky had reportedly withdrawn $10 million in the weeks before the firm halted deposits and withdrawals on its platform.

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