Will FTX Grab The Opportunity To Buy Celsius Assets As Final Bid Date Nears

Due to the long bearish reign, the crypto industry recorded several bankruptcy calamities in some crypto firms, Celsius happened to be one of the failing firms battling bankruptcy hearings. But it seems the Celsius Network would pack up for good this time. It has set dates for Auctioning its assets.

When news of the bankruptcy filing was released, many crypto firms showed interest in acquiring assets. FTX US was among the big industry players interested in buying the assets. According to the Bankruptcy filing dated Monday, Celsuis‘s final bid deadline is October 17 at 4 p.m. If an Auction is necessary, it will take place at 10 a.m., October 20.

Crypto exchange FTX US among many firms, is anticipating the bid. The firm is one