Fahrenheit Wins Bid to Acquire Assets of Insolvent Crypto Lender Celsius

The bid, although accepted by Celsius and a committee of its collectors, should nonetheless be accredited by regulators to finalize the acquisition. Months in the past, Chapter Court docket Decide Martin Glenn warned “regulatory roadblocks” might plague the sale of Celsius very similar to it thwarted a fellow lender’s acquisition. In April, crypto change Binance.US abruptly terminated its buy of bankrupt crypto lender Voyager’s $1 billion in property after federal officers appealed the sale, citing the “hostile and unsure regulatory local weather” within the U.S.