FTX US cryptocurrency exchange has won the two-week long auction process, during which interested parties were able to submit their bid for the bankrupt cryptocurrency lender Voyager. According to a press release published on Monday, the deal is valued at roughly $1.42 billion, with $111 million in “additional consideration”.
Celsius, a centralized crypto lender that filed for bankruptcy in July, has filed a motion with the United States Bankruptcy Court for the Southern District of New York that would see certain customers gain access to digital holdings they had deposited on the Celsius platform.
Liqduity-strapped cryptocurrency lender Celsius has filed for bankruptcy under Chapter 11 with the New York-based Bankruptcy Court. According to the press release published on Wednesday, the company is seeking to restructure and stabilize its business operations to maximize value for all stakeholders. Celsius has between $1 billion and $10 billion in assets, accordion to the filing.
Celsius (CEL), a struggling cryptocurrency lending platform, has paid off 20 million USDC debt to decentralized finance (DeFi) protocol Aave (AAVE). Recall that Celsius paused withdrawals last month to protect itself from potential bankruptcy stemming from the broader cryptocurrency downturn and the drastic increase in user withdrawals.
Celsius Network, a centralized provider of cryptocurrency loans, has announced a $300 million investment into Bitcoin (BTC) mining equipment and related services. With over $200 million invested in BTC mining facilities in North America (NA) earlier in the year, Celsius has now allocated more than $500 million to complement its lending business with a Bitcoin mining venture.