If the situation with Celsius gets worse and the company has to file for bankruptcy, Goldman wants to be prepared to buy crypto assets at a discount. As such, the Wall Street giant aims to raise $2 billion, the report says.
- cryptopotato Earlier this month, Celsius reported the drama unfolding when the crypto lender halted withdrawals, as well as all other services on its platform. Nevertheless, this was only when it moved more than $300 million in digital assets to FTX.
- Services are still inactive, while the firm’s CEO assured that the team is “working round the clock” to resolve the problems. Celsius also hired restructuring lawyers, but had to stop any social media interactions with clients.
- Citing sources familiar with the matter, CoinDesk reported on Friday that Goldman Sachs is looking to get involved after previous investors refused to bail out the crypto lender.
- Goldman plans to raise $2 billion from investors to buy highly discounted digital assets from Celsius, should the latter file for bankruptcy.
- Thus, after several years of collateralizing BTC for bitcoin-backed loans and cursing it after negotiating with FTX for derivatives services, the giant bank continues to dig deeper into the cryptocurrency industry.
- Celsius, on the other hand, also received offers to sell its assets to Nexo. Recent reports indicate that another household name on Wall Street — Citibank — is also looking to get in.
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