Celsius files for permission to sell its stablecoin holdings

The request was filed with United States Bankruptcy Court Southern District Of New York.

Reuters

September 16, 2022 / 12:34 IST

IPO

Bankrupt crypto lender Celsius Network on Thursday filed a request for the sale of its stablecoin holdings, in a bid to raise fund for its operations.

The request was filed with United States Bankruptcy Court Southern District Of New York.

New Jersey-based Celsius had filed for bankruptcy in New York in July, after it froze withdrawals, citing "extreme" market conditions.

Celsius currently owns 11 different forms of stablecoin, for a total of about $23 million.

Reuters

first published: Sep 16, 2022 12:34 pm

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