Celsius attorney Chris Koenig said at a hearing in bankruptcy court in Manhattan that the company remains open to better offers
, and that it and its creditors committee met with a potential buyer two days ago to review an alternate proposal.
At the hearing, the New Jersey-based lender asked U.S. bankruptcy judge Martin Glenn, who is overseeing Celsius’ Chapter 11, for more time to submit a bankruptcy restructuring plan built around the NovaWulf deal, which would cash out customers with less than $5,000 in crypto deposits and hand ownership of the company’s remaining assets to customers with larger accounts.
If Celsius chooses an alternate bidder, Koenig said, it intends to offer NovaWulf up to $20 million in breakup fees.NovaWulf declined to comment on Celsius’s solicitation of other bids. Crypto lenders such as Celsius boomed during the COVID-19 pandemic, but many companies in the highly interconnected sector went bankrupt in 2022.
Celsius filed for U.S. bankruptcy in July after freezing customer withdrawals. Celsius said at the time that it had more than 1.7 million registered users and approximately 300,000 active users with account balances greater than $100.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
21-year-old woman sexually assaulted in Toronto's PATH network, police sayPolice are searching for a suspect who allegedly sexually assaulted a 21-year-old woman in Toronto’s underground PATH system on Sunday.
Lire la suite »
21-year-old woman sexually assaulted in Toronto's PATH network, police sayPolice are searching for a suspect who allegedly sexually assaulted a 21-year-old woman in Toronto’s underground PATH system on Sunday.
Lire la suite »
Woman sexually assaulted in Toronto’s PATH networkToronto police are searching for a suspect after an alarming incident in the city's PATH network. A woman told police she was sexually assaulted by a man whi
Lire la suite »
CRTC launches review of wholesale network rates, reduces some by 10 per cent immediatelyThe regulator says “its current approach is not meeting its objective of encouraging more competition in the Internet services market”
Lire la suite »
Jada Pinkett Smith Insiders Believe Chris Rock Has Been ‘Obsessed With Her’ For Almost 30 YearsJada Pinkett Smith doesn't want to be a part of Chris Rock's narrative. Speaking to People, a source close to the actress reacted to the comedian's recent 'Selective Outrage' comedy special, in which he addresses the infamous Oscars slap. [readmore label='READ MORE: ' link='https://etcanada.com/news/972976/chris-rock-addresses-will-smith-oscars-slap-for-the-first-time-hell-yeah-it-hurt/' text='Chris Rock Addresses Will Smith Oscars Slap For the First Time: ‘Hell…
Lire la suite »
Chris Rock 'obsessed' with Jada Pinkett Smith: SourceJada Pinkett Smith had \u0022no part\u0022 in Will Smith smacking Chris Rock.
Lire la suite »