Cryptocurrencies
Bankrupt Crypto Lender Celsius Considers Financing Proposals
- Firm has multiple offers to help fund restructuring process
- More offers are expected, Kirkland & Ellis lawyer says
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Celsius Network LLC has received multiple offers of fresh cash to help fund its restructuring process, a lawyer for the bankrupt crypto lender said Tuesday.
The company is weighing financing packages of “various shapes and sizes,” Joshua Sussberg of Kirkland & Ellis said on behalf of Celsius in a bankruptcy hearing Tuesday. Several more offers are expected, he said, without providing details about the existing proposals.