Court Keeps Schedule for Celsius Network Assets’ Sale
A federal bankruptcy judge has approved the Celsius Network assets auction plan.
According to the plan, the auctions may end before the end of 2022.
The decision made by the judge has approved the application of the crypto lending company for the sale of retail business assets, which includes, among other things, income accounts, coin balances, trading, loan portfolio, exchange and staking services; CelPay service for payments and transfers in cryptocurrencies as well as DeFi platform CelsiusX.
Celsius Network also has the possibility to sell “any cryptocurrencies or digital assets” it owns.
The court order establishes the terms, as well as the rules for bidding at the auction, the possibility of Celsius participating in it through a figurehead and the scheme.
