The offer, although accepted by Celsius and a committee of its creditors, still needs regulatory approval for the acquisition to be completed. Bankruptcy Court Judge Martin Glenn warned months ago that “regulatory hurdles” could plague the sale of Celsius much as they would scuttle an acquisition of another lender. In April, crypto exchange Binance.US abruptly ended its $1 billion purchase of the assets of bankrupt cryptolender Voyager after federal officials appealed the sale, citing a “hostile and uncertain regulatory climate” in the US.
Fahrenheit has won a bid to acquire the assets of insolvent crypto lender Celsius
