Goldman Sachs Leading Investor Group to Buy Celsius Assets: Sources
June 25, 2022
2 min
要約
Goldman Sachs appears to be gauging interest and soliciting commitments from Web3 cryptofunds, funds specializing in distressed assets and traditional financial institutions with ample cash onhand, according to a person familiar with the situation. Celsius, which had more than$8 billion loaned out to clients and$12 billion in assets under management as of May of thisyear, abruptly announced on June 12 it would stop withdrawals from itsplatform, citing“extreme market conditions.” The disclosure exacerbated thoseconditions, briefly sending bitcoin’s price below $20,000. In addition to hiring Alvarez & Marsal, Celsius has tapped restructuring attorneys from law firm Akin Gump Strauss HauerFeld, the Wall Street Journal reported earlier thismonth. Global investment bank Citigroup has also been enlisted by Celsius to advise onsolutions, including an assessment of an offer from rival crypto lenderNexo, The Block reported. Citigroup and Akin Gump have both recommended Celsius file for bankruptcy, according to people familiar with thematter. Citigroup declined tocomment. Akin Gump did not immediately respond to a request for comment.
本文翻訳
Goldman Sachs is looking to raise $2 billion from investors to buy up distressed assets from troubled crypto lender Celsius, according to two people familiar with the matter. The proposed deal would allow investors to buy up Celsius’ assets at potentially big discounts in the event of a bankruptcy filing, the people said. Goldman Sachs appears to be gauging interest and soliciting commitments from Web3 crypto funds, funds specializing in distressed assets and traditional financial institutions with ample cash on hand, according to a person familiar with the situation. Celsius, which had more than $8 billion loaned out to clients and $12 billion in assets under management as of May of this year, abruptly announced on June 12 it would stop withdrawals from its platform, citing “extreme market conditions.” The disclosure exacerbated those conditions, briefly sending bitcoin’s price below $20,000. In addition to hiring Alvarez & Marsal, Celsius has tapped restructuring attorneys from law firm Akin Gump Strauss Hauer & Feld, the Wall Street Journal reported earlier this month. Global investment bank Citigroup has also been enlisted by Celsius to advise on possible solutions, including an assessment of an offer from rival crypto lender Nexo, The Block reported. Citigroup and Akin Gump have both recommended Celsius file for bankruptcy, according to people familiar with the matter. Citigroup declined to comment. Akin Gump did not immediately respond to a request for comment. Celsius raised $750 million from investors last year, including Canada’s second-largest pension fund, Caisse de dépôt et placement du Québec, valuing the business at $3.25 billion. Sign up for Market Wrap, our daily newsletter explaining what happened today in crypto markets – and why. By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our terms of services and privacy policy.