Lending platform Celsius informed potential buyers that the deadline for submitting bids for participation in the auction has come to an end and the sale of assets is scheduled for January 2023.
The Bankruptcy Court for the Southern District of New York has set an auction for the sale of Celsius assets on January 10. The company said it has already received more than 30 offers with various options for acquiring its assets or business structures, such as moving customers to a buyer’s platform while reducing their assets.
More than 120 organizations showed varying degrees of interest in acquiring Celsius assets and participating in the auction. Some potential participants have already signed agreements and a legal non-disclosure agreement used to protect confidential information about the company or trading conditions.
Previously, bankruptcy specialists hired by Celsius said users waived legal rights to their funds the moment they deposited them on the platform. Lawyers argue that the agreement with the terms of service for Earn and Borrow accounts gives the Celsius platform the right to do whatever it wants with their crypto assets.
