Bankrupt Crypto Lender Celsius Receives Multiple Bids for Retail and Mining Assets

Celsius Judge Orders Return Of User Crypto Worth $50 Million — Photographer: David Williams/Bloomberg

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December 20, 2022 at 10:59 AM EST

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Bankrupt crypto lender Celsius Network LLC has received multiple bids for its retail platform and mining businesses, according to a company presentation delivered in court Tuesday.

Terms of the bids weren’t disclosed. They included offers for the retail platform, the mining business and a combination of the two, a lawyer for Celsius told US Bankruptcy Judge Martin Glenn in the hearing Tuesday. The potential buyer pool includes 30 parties.

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