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Auction for Bankrupt Celsius Network to Take Place on April 25th with Two Qualified Bidders

Cointime Official

April 23 (Cointime) - According to a notice, an auction to determine the winning bid for Celsius Network, the cryptocurrency lending and borrowing platform that filed for bankruptcy in March, is set to take place on Tuesday, April 25.

Source: https://cases.stretto.com/public/x191/11749/PLEADINGS/1174904222380000000030.pdf

According to a tweet by the Celsius Official Committee of Unsecured Creditors, the stalking horse bidder NovaWulf will be competing against two other qualified bidders.

The first qualified bidder, Fahrenheit LLC, is owned by a group of investors including Arrington Capital, US Data Mining Group, Proof Group Capital Management, Steven Kokinos, and Ravi Kaza.

The second qualified bidder is the Blockchain Recovery Investment Committee, which includes Van Eck Absolute Return Advisers Corporation, Global X Digital, Plutus Lending (doing business as Abra), and Gemini Trust Company.

The auction will be live, and the winning bidder will be selected on the day. 

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