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 authorized by regulators to finalize the acquisition. Months in the past, Chapter Courtroom 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 alternate Binance.US abruptly terminated its buy of bankrupt crypto lender Voyager’s $1 billion in belongings after federal officers appealed the sale, citing the “hostile and unsure regulatory local weather” within the U.S.