Legal counsel representing Celsius’ Official Committee of Unsecured Creditors has refuted recent claims that submitted bids for the crypto lender’s assets were rejected.
Last week, crypto journalist Tiffany Fong claimed she received documents detailing the bids on Celsius’ crypto assets, which “for the most part, abandoned.”
According to Fong, Binance, Bank to the Future, Galaxy Digital, Cumberland DRW, and Novawulf had submitted their bidding proposals for Celsius’ assets, but the lender abandoned them. The journalist said she had gained access to the bids in December.
In response to those claims, Gregory Pesce from White & Case LLP, the law firm representing Celsius’ Official Committee of Unsecured Creditors, said during a recent Twitter space that reports of the abandoned bids are “categorically false.”
“This leak is likely only going to reduce creditor recoveries because whether the information is accurate or not, it provides people that are still in the process to whom we’re speaking every with day with information about how things might or might not be unfolding and that reduces the flexibility that the committee has in dealing with these parties to get the best possible outcome,” the attorney said.
Pesce stated that investigations are ongoing to determine the source of the false claims. He added that there are “significant concerns that a potential investor that was involved in the process may be trying to manipulate it for their...
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