Fahrenheit bids to acquire assets of bankrupt crypto lender Celsius

The bid, though accepted by Celsius and a committee of its creditors, still needs to be approved by regulators to finalize the acquisition. Months earlier, bankruptcy court judge Martin Glenn warned that “regulatory hurdles” could greatly impact Celsius’ sales, such as a failed acquisition of a fellow lender. In April, crypto exchange Binance.US abruptly ended its $1 billion asset purchase of bankrupt crypto lender Voyager after federal authorities appealed the sale, citing a “hostile and uncertain regulatory environment” in the US.