Goldman Sachs to raise US$2B for Celsius asset
Goldman Sachs
Modified Date:- Published Date:-Categories: Cryptocurrency
A Fortune report, citing people familiar with the matter, saidthat the US investment bank is looking to raise funds to buy distressed assetsfrom the troubled crypto lender.
- Citing two people familiar with the matter, Fortune said adeal would allow investors to buy Celsius Network assets at a potentially largediscount, if the crypto lender files for bankruptcy.
- The Wall Street Journal reported Friday that Celsius hashired restructuring attorneys for Alvarez and Marsal, in addition to thosehired from Akin Gump Strauss Hauer & Feld earlier this month.
- According to one of the anonymous sources cited by Fortune,Goldman Sachs is anticipating the interest of Web 3.0 crypto funds, distressedasset funds and traditional financial institutions.
- According to a report in The Block, Celsius has approachedCitigroup to evaluate a buyout offer from rival Nexo.
- The Fortune reportstates that both Citigroup and Akin attorneys have advised Celsius to file forbankruptcy.
Crypto Lender, Celsius Network Assets, Web 3.0 Crypto Funds, Bankruptcy, Alvarez, Marsal, Fortune Report, Citigroup