US Court Upholds Schedule for the Sale of Celsius Network Assets

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A federal bankruptcy judge has approved the Celsius Network assets auction plan. According to it, the auctions may end before the end of the year.

The decision has approved the application of the crypto lending company for the sale of retail business assets, which includes income accounts, coin balances, trading, loan portfolio, exchange and staking services; CelPay service for payments and transfers in crypto-currencies and DeFi platform CelsiusX.

The company may also offer for sale “any cryptocurrencies or digital assets” it owns.

The court order establishes the terms, as well as the rules for bidding at the auction, the possibility of Celsius participating in it through a figurehead and the scheme.