The lawyer denies the entitlement to demolition of the bidding process at Celsius

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Von: Krypto News Österreich

Der Rechtsbeistand, der den offiziellen Ausschuss für unbesicherte Gläubiger von Celsius vertritt, hat die jüngsten Behauptungen widerlegt, dass eingereichte Gebote für die Vermögenswerte des Krypto-Kreditgebers abgelehnt wurden. Letzte Woche behauptete die Krypto-Journalistin Tiffany Fong, sie habe Dokumente erhalten, in denen die Gebote für die Krypto-Assets von Celsius aufgeführt seien, die „zum größten Teil aufgegeben“ wurden. Laut Fong hatten Binance, Bank to the Future, Galaxy Digital, Cumberland DRW und Novawulf ihre Gebote für die Assets von Celsius eingereicht, aber der Kreditgeber gab sie auf. Die Journalistin sagte, sie habe im Dezember Zugang zu den Angeboten erhalten. Eine „kategorisch falsche“ Behauptung Als …
The legal advisor, which represents the official committee for non-secured creditor of Celsius, has refuted the recent claims that submitted commandments for the assets of the crypto loan were rejected. Last week the crypto journalist Tiffany Fong claimed that she received documents in which the bids for Celsius' crypto-assets, which were "largely abandoned". According to Fong, Binance, Bank to the Future, Galaxy Digital, Cumberland DRW and Novawulf had submitted their commandments for the assets of Celsius, but the lender gave them up. The journalist said she received access to the offers in December. A "categorically false" assertion as ... (Symbolbild/KNAT)

The legal advisor, which represents the official committee for non-secured creditor of Celsius, has refuted the recent claims that submitted bids for the assets of the crypto loan were rejected.

Last week the crypto journalist Tiffany Fong claimed that she received documents in which the bids for Celsius' crypto-assets, which were "largely abandoned".

According to Fong, Binance, Bank to the future, Galaxy Digital, Cumberland DRW and Novawulf had their commandments for Celsius' assets, but the lender gave them up. The journalist said she received access to the offers in December.

A "categorically false" claim

In response to these claims, Gregory Pesce from White & Case LLP, the law firm, which represents the official committee for unsecured believers from Celsius, recently in a statement Twitter-room that reports about the abandoned offers are "categorically false".

"This leak will probably only reduce the creditors' claims, because regardless of whether the information is correct or not, it provides people who are still in the process with whom we speak every day, information about how things could develop or not the flexibility that the committee has in dealing with these parties to achieve the best possible result," said the lawyer.

Pesce said that investigations were underway to determine the source of the wrong claims. He added that "there are considerable concerns that a potential investor who was involved in the process tries to manipulate him to his own advantage".

The way forward

During the Twitter room, the lawyer also discussed the plan of the "Recovery Corporation", which was proposed by Celsius' lawyers to end the bankruptcy and repay the creditors. The plan aims to restructure the crypto loan into a listed recovery company that could spend a promise to repay the creditors.

The lawyer said that the plan was still on the table. The committee also goes out "in particular a number of other options", such as the sale of the mining business of Celsius and the handling of the company or "the transfer of the crypto to a third party".

Celsius applied for insolvency protection in accordance with Chapter 11 at the US bankruptcy court of the southern district of New York after it was confronted with a serious liquidity crisis due to extreme market conditions.

In the meantime, Shoba Pillay, an independent examiner proclaimed by the New York insolvency court, unveiled in a recently submitted file that Celsius had misused customers for years.

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