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Celsius files for permission to sell its stablecoin holdings

Celsius files for permission to sell its stablecoin holdings

Celsius files for permission to sell its stablecoin holdings
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By Reuters Sept 16, 2022 3:01:10 PM IST (Updated)

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

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.

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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 USD 23 million.
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