Goldman Sachs Reportedly Interested in Celsius Buyout

Goldman Sachs Reportedly Interested in Celsius Buyout

Goldman Sachs is reportedly in the market to buy up assets from troubled crypto lender Celsius. According to sources familiar to the matter the banking giant is looking to raise $2 billion from investors to make the deal happen.

The sources revealed that the deal would allow investors to buy up Celsius’ assets at great discounts in the event the lender files for bankruptcy.

Citing “extreme market conditions”, Celsius announced on June 12 it would suspend all withdrawals from its platform. It had more than $8 billion lent to customers while $12 billion worth of assets under management.

Goldman Sachs is not the only one with its eye on the prize. Earlier Swiss based Nexo expressed interest in acquiring certain assets, in particular the collaterized loan portfolio.

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Source: igaming