- Court documents reveal that Fahrenheit has won the bid to acquire Celsius Network.
- The Fahrenheit group must provide a $10 million deposit within three days to complete the process.
Cryptocurrency consortium Fahrenheit has won the bid to acquire insolvent crypto lender Celsius Network, court documents revealed.
Fahrenheit will acquire Celsius Networks institutional loan portfolio, staked cryptocurrencies, mining unit and other alternative ventures.
To finalise the arrangement, the group must provide a $10 million deposit within three days. The assets acquired by Celsius were originally valued at over $2 billion.
After a protracted auction, Fahrenheit was chosen as the winning bidder. Fahrenheit is a consortium of buyers that includes v…
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