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Celsius Attorney Calls Reports of Rejected Offers ‘Categorically False’

Celsius Attorney Refutes Claims of Rejected Bids

The counsel for the Celsius Official Committee of Unsecured Creditors (UCC) has denied claims that bids for Celsius’ crypto assets have been rejected.

During a recent Twitter Space “town hall,” attorneys from White & Case LLP, including Gregory Pesce and Aaron Colodny, addressed the leaked bids shared by crypto blogger Tiffany Fong.

Fong claimed that at least five firms, including Binance and Galaxy Digital, were interested in bidding on Celsius’ crypto assets but that the bids had been “for the most part, abandoned.”

However, Pesce stated that the bids had not been rejected and that the UCC was still in the process of negotiating. He added that the leak was “regrettable” as it reduced the UCC’s flexibility in negotiations.

The UCC lawyers are investigating the leak and have not confirmed the accuracy of the leaked bids. The UCC is exploring options for recovery, including becoming a publicly-traded recovery corporation or transferring crypto to a third party.

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Mohammad Ali is a fintech and cryptocurrency writer who has been covering the intersection of finance and technology for several years. Ali has a deep understanding of the financial industry and the ways in which technology is changing it, with a special focus on the rise of digital currencies and blockchain technology.