Celsius hired business restructuring experts from consulting firm Alvarez & Marsal to advise on a potential bankruptcy filing.
This was learned by journalists from The Wall Street Journal, who refer to people close to the company.
Earlier this month, the New Jersey-based crypto lending company froze trading (withdrawal and transfer options) due to “extreme market conditions,” one of the latest signs of a slowdown in the crypto market. .
A CoinDesk report late Friday revealed that Goldman Sachsm plans to raise $2 billion from investors to buy assets from troubled Celsius.
According to the report, which cites two people familiar with the matter, the proposed deal would allow investors to buy assets at potentially significant discounts if the cryptocurrency lender files for bankruptcy.
As of last month, Celsius had $11.8 billion in assets, Reuters calculated.
The digital currency market has been extremely volatile in recent months as investors rush to shed risky assets fearing that aggressively raising interest rates to curb inflation could plunge the economy into a tailspin. recession.
Author:
Ekaterina Alipova
Source: RB
I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.
