Bankrupt crypto lender Celsius Network on Wednesday revealed that it was speaking to another potential buyer and will seek additional bids, despite having an offer in hand from asset manager NovaWulf Digital Management. Celsius attorney Chris Koenig said at a hearing in bankruptcy court in Manhattan that t
Bankrupt crypto lender Celsius Network on Wednesday revealed that it was speaking to another potential buyer and will seek additional bids, despite having an offer in hand from asset manager NovaWulf Digital Management.
At the hearing, the New Jersey-based lender asked US bankruptcy judge Martin Glenn, who is overseeing Celsius' Chapter 11, for more time to submit a bankruptcy restructuring plan built around the NovaWulf deal, which would cash out customers with less than $5,000 in crypto deposits and hand ownership of the company's remaining assets to customers with larger accounts.
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