Goldman wants to be ready to buy up Celsius’s crypto assets at a discount, if the latter situation worsens and the company has to file for bankruptcy. Therefore, the Wall Street behemoth aims to raise $2 billion.
After Celsius transferred more than $300 million in digital assets to FTX, the crypto lender Celsius halted withdrawals, as well as all other services on its platform, CryptoPotato reported.
Although the services are still inoperational, the firm’s CEO reassured the team is “working around the clock” to resolve the problems. It not just hired restructuring lawyers, but Celsius stopped interacting with its clients on social media.
Goldman Sachs wants to get involved after previous investors refused to bail out the crypto lender, as reported by CoinDesk on Friday.
Goldman is raising $2 billion from investors to purchase hugely discounted digital assets from Celsius, should the latter file for bankruptcy.
After years after bashing it, the giant bank continues to dig deeper in the cryptocurrency industry, following talks with FTX for derivatives services and collateralizing BTC for bitcoin-backed loans.
Nexo is reported to have offered to buy over Celsius’s assets. Another Wall Street household name, Citibank, wants to get involved as well.