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New York-headquartered international investment bank Goldman Sachs is seeking $2 bln from investors to purchase assets if the cryptocurrency lender Celsius goes bankrupt. The deal would let investors acquire the assets at significant discounts.
People familiar with the matter said to the news site CoinDesk that the banking institution seems to show interest in promoting the needs of Web3 funds, focusing on distressed assets and traditional finance establishments with a lot of cash on hand.
The recent crypto market decline had an essential negative impact on Celsius, which stopped withdrawals on June 12. Days later, Celsius CEO Alex Mashinsky tweeted that the team is working non-stop adding that it’s a difficult moment and thanking the community for patience, and support.
According to a June 24 report by Wall Street Journal, the company turned to the restructuring consulting firm Alvarez Marsal to increase its efforts for preparing for potential bankruptcy. Previously, Celsius hired lawyers from Akin Gump to find possible solutions in the created situation.