Fahrenheit LLC – a consortium of investors that includes the largest crypto exchange in the United States – has emerged as the winner in the court-approved auction process to acquire insolvent lender Celsius Network.
Fahrenheit will provide the capital, management team, and technology required to successfully set up and operate the new company. It is also required to pay a cash deposit of $10 million within three days to seal the deal.
Fahrenheit to Acquire Celsius Assets
Fahrenheit’s consortium consists of US Bitcoin Corp, Proof Group Capital Management LLC, Ravi Kaza, former Algorand CEO Steven Kokinos, and Coinbase.
According to the court filing, the group will acquire Celsius’ institutional loan portfolio, mining business, and alternative investments for the benefit of account holders. The new company will be spearheaded by a Board of Directors, a majority of which will be appointed by creditors.
The distribution of Celsius’s liquid crypto to account holders, settlements
We współpracy z: https://cryptopotato.com/celsius-bankruptcy-struggles-coming-to-an-end-as-fahrenheit-clinches-win-in-auction/
