Celsius Network Submits a Request To Sell Its Stablecoin Holdings Worth About $23M
TeknolohiyaAng Celsius Network ay Nagsumite ng Kahilingan Upang Ibenta ang Stablecoin Holdings Nito na Nagkakahalaga ng Humigit-kumulang $23M09 / 16 / 2022Balita ng Ethereum ng Bitcoin A bankrupt crypto lending company, Celsius Network, reveals about its file request to sell its stablecoin holdings. All the documents related to the case were submitted to the United States Bankruptcy Court Southern District Of New York. In addition, the lender company states it will sell its both existing and the future stable coins which are yet to come. On a clear note, the main intention of this sale by Celsius is to fund its Chapter 11 case, filed 2 months ago. Earlier in Mid July, the crypto lending firm filed a Chapter 11 bankruptcy after the crash of $2 trillion cash. This unbearable case affected a large number of individual investors to face a massive loss at that time. Now the bankrupt crypto lender, Celsius is waiting for its hearing for the case on October 6th, 2022. As all the relevant documents are submitted to the court, a legal procedure about the stablecoin sale will be discussed. In addition, the disclosed documents reveal that Celsius possesses almost 11 different forms of stablecoin worth $23 million. The Chapter 11