Binance is Bidding for Celsius Assets – Report

January 27, 2023

MCP News Free

Binance is Bidding for Celsius Assets – Report

🎖Know someone who wants to master trading? Share this and help them grow!🌴

A document has been leaked by a crypto blogger Tiffany Fong regarding the bidders of the insolvent crypto lending firm Celsius Network crypto assets.

Signals for Bitcoin, ETH, and other trending altcoins on Binance, Kucoin, and Bybit exchanges are benefits you’ll get when you register for our ParadiseFamilyVIP.

Use PRO20% for your special 20% discount today as the promo expires soon. Click here to see reviews from our clients.

Galaxy Digital, Binance, Others Secretly Bidding for Celsius Assets

As per the document leaked by crypto blogger Tiffany Fong, at least five bidders including Binance are looking to buy the bankrupt Celsius Network.

Other bidders include online investment platform Bank To The Future, digital asset investment manager Galaxy Digital, crypto trading company Cumberland DRW and digital asset investment firm NovaWulf.

According to Fong, the documents were obtained back on Dec. 20 “detailing the bids on Celsius Network’s crypto assets.”

According to Fong, to prevent disruption regarding the deal, she refused to leak the document all this while but decided to make it public following recent statements by a Celsius Network lawyer.

“I refrained from sharing the bids publicly to avoid disrupting the bidding procedures or negatively impacting customer recoveries; however, in yesterday’s Celsius Network court hearing (1/24/23), Kirkland & Ellis attorney Ross M. Kwasteniet proclaimed the bids ‘have not been compelling,” Fong explained.

Fong added in the post that these bidders submitted their bids back in November but they were “for the most part, abandoned.”

However, Binance as one of the bidders proposed $15 million for the assets, Galaxy Digital is looking to acquire all illiquid and staked Ether assets as it sought to be the “designed stalking horse bidder.”

According to Fong, she’s only aware of five bidders thus far on Celsius Network assets. She is a crypto blogger who became popular following several exclusive interviews with the former CEO of the bankrupt crypto firm FTX.

Join our telegram channels where we share our FREE updates and analysis on coins like BTC, ETH, and other trending altcoins. We also share our FREE secret insights, and also FREE market updates.