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Celsius Network Sets Auction Date, Sale Hearing For Crypto Assets | Bitcoinist.com

Celsius Network Sets Auction Date, Sale Hearing For Crypto Assets | Bitcoinist.com thumbnail

Celsius Network had filed for bankruptcy following arguably the largest network collapse in the history of crypto. The lending platform had been caught in the crossfire, and further reports showed that it had a $1.2 billion hole in its balance sheet. The company, which has been going through bankruptcy proceedings in the US Bankruptcy Court for the Southern District of New York, has now announced a final bid date for its assets.

Celsius Sets Deadline For Bids

Bankrupt crypto lender Celsius Network has reached the point in its bankruptcy proceedings where it begins to accept bids for its assets. Celsius announced that the final bid deadline for its asset was set for October 17th, after which no other bids would be consid

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