Crypto lending platform Celsius is scrambling to sell 11 different stablecoins worth $23 million.
The Celsius bankruptcy, which shook the cryptocurrency market, was brought to the level of litigation. While the court was examining the company’s bankruptcy case, the company’s CEO Alex Mashinsky resigned abruptly. In the chain of events that has been going on since July, the creditors are getting nervous day by day. Celsius’s inability to pay creditors by filing for bankruptcy has not passed yet.
Celsius Objected to Creditors
The bankrupt cryptocurrency platform Celsius has not yet fully responded to its creditors. The resignation of the CEO, the money the platform is trying to attract and the attitude of the court are making the creditors nervous.
The company, which has 11 different stablecoins worth $ 23 million, is looking for ways to turn them into cash. Celsius’ unsecured creditors committee noted that the company is working hard to sell its stablecoins.
Celsius, who applied to the court last month, wanted to sell the stablecoins he held. Company lawyer Joshua Sussberg, who shared his opinion on the subject, stated that it is not known where these stablecoins came from.
This sale request, which was submitted to the court, made the creditors nervous. The creditors demand that the court disapprove of this decision and reject the sale. The $23 million sale, which the company refers to as property, was contested by creditors.
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