The post Celsius Network Sets Final Bid Deadline !! appeared first on Coinpedia Fintech News
Celsius Network has set a timeline for the auction of its assets. The bankrupt cryptocurrency lender will have a final bid deadline of Oct. 17 at 4 p.m. Eastern Time — with an auction, if necessary, on Oct. 20 at 10 a.m. ET. A sale hearing will be held on Nov. 1 at 11 a.m. ET before Chief U.S. Bankruptcy Judge Martin Glenn via Zoomer, according to a filing with the U.S. Bankruptcy Court for the Southern District of New York dated Monday.
A large number of participants is expected to attend the sale hearing of Celsius, per Monday’s court filing. It remains to be seen who emerges as the highest and best bid for the firm’s assets.
FTX CEO Sam Bankman-Fried is reportedly considering bidding on Celsius’s assets. Last week, FTX’s U.S. unit won an auction for bankrupt crypto firm Voyager Digital’s assets, with a bid coming in at about $1.4 billion.