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Celsius received 30 bids for its platform and mining business T

Date:2024-05-29 19:26:06 Channel:Exchange Read:

In the frenzy of the digital currency market, Celsius, a high-profile company, has recently attracted much attention. It is reported that the company recently received quotations from 30 platforms and mining businesses, which is jaw-dropping. What is more exciting is that the judge has approved the withdrawal requests of a few customers, injecting a shot of confidence into the entire industry. At this time full of variables and challenges, Celsius seems to be ushering in a new wave of development.

The digital currency industry has always been a field full of passion and opportunities. As one of the best, Celsius has received 30 platform and mining business quotations, which is undoubtedly the best proof of its strength and potential. These quotations not only represent the market's recognition of Celsius, but also highlight its leading position in the industry. In this dynamic and innovative market, Celsius has successfully attracted the favor of many partners with its stable operation and excellent service. The arrival of these quotations will surely further promote Celsius's development in the field of digital currency and bring more convenience and opportunities to users.

Against the backdrop of the hot digital currency market, the judge's approval of the withdrawal requests of a few customers has brought a glimmer of hope to the entire industry. This decision not only means the legal system's recognition and support for digital currency, but also opens a new door for investors. With the judge's approval, Celsius users can participate in digital currency transactions with greater confidence and enjoy more convenient and secure services. This also indicates that the digital currency market will usher in more regulatory norms and transparency, laying a solid foundation for the healthy development of the industry.

With the rapid development of the digital currency market, Celsius, as a leader in the industry, is constantly consolidating its competitive advantages and achieving greater development. The quotations from 30 platforms and mining businesses have laid a solid foundation for its future cooperation and development, and the withdrawals approved by the judge provide strong support for the protection of users' rights and interests. Celsius will continue to uphold the concept of innovation and service first, create more value for users, and help the healthy development of the digital currency industry.

In general, Celsius received 30 platform and mining business quotations, and the judge approved the withdrawal requests of a few customers, which is not only the best affirmation of its strength and reputation, but also the best footnote to the booming digital currency industry. At this moment full of opportunities and challenges, Celsius will continue to lead the development of the industry and provide users with better services and experience. The future of digital currency is promising, and Celsius will surely play an important role in it and contribute to the prosperity and development of the industry.

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Coin Circle (120Btc.com) News: Celsius, a cryptocurrency lending platform, is insolvent due to the cryptocurrency bear market and the serial collapse of institutions such as Three Arrows Capital. After freezing user withdrawals in June, it has filed for Chapter 11 bankruptcy reorganization with the U.S. court in mid-July. Celsius's remaining assets have also entered the bankruptcy auction stage to raise funds for repaying creditors and reorganization.

According to Bloomberg, Celsius stated in a document submitted at a bankruptcy court hearing on Tuesday (20th) that it had received 125 bids from 30 manufacturers for its cryptocurrency platform and its mining business, but did not disclose the terms of the bids.

Celsius' lawyer pointed out at the hearing that these included bids for its retail platform, mining business, and the combination of the two, in addition to some bids for single assets. The company has signed confidentiality agreements with 30 of the potential bidders, and Celsius consultants have not yet decided whether to sell the company as a whole or in pieces, or whether they will seek different reorganization plans.

Celsius lawyers told the judge that they intend to work with potential buyers in the coming weeks to increase existing bids and announce in mid-January whether a sale will be made.

Bankruptcy auction postponed to January 10

Celsius court documents filed on the 15th show that the Celsius bankruptcy auction will be postponed from the original December 15 to January 10 due to the bid deadline of December 12. The auction result hearing presided over by the judge will be postponed to January 24 next year.

Celsius court documents filed on the 15th

Bankruptcy judge agrees that Celsius will open withdrawals for a small number of customers

Cointelegraph reported that Martin Glenn, the presiding judge of the Celsius bankruptcy case, approved Celsius's motion filed with the court in September yesterday, allowing the platform to reopen withdrawals for a small number of customers.

Customers with assets held in Celsius "custody" accounts that meet the following criteria will be able to withdraw:

 Amounts less than $7,575

 Funds transferred from the Earn or Borrow plans to the Custody plan within 90 days of Celsius' July 13 bankruptcy filing.

The motion also applies to "ineligible withhold assets," a definition that will be determined after a meeting between Celsius, the Withhold Ad
Hoc Group and the Celsius Official Committee of Unsecured Creditors.

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