'Categorically false' — Attorney denies bids for Celsius assets were rejected

cointelegraph.com:

The counsel representing Celsius’ official creditor committee has denied assertions that the bids for Celsius’ crypto assets have been rejected.

During a Jan. 31 Twitter Space “town hall” following the examiner’s report on Celsius attorneys from White & Case LLP including Gregory Pesce and Aaron Colodny addressed the so-called “leaked” bids for Celsius’ crypto assets, which was published by crypto blogger Tiffany Fong.

“The assertion that the bids have been rejected is just categorically false,” said Pesce.

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Fong’s Jan. 27 post on Substack revealed at least five firms that were reportedly interested in bidding on Celsius’ crypto assets, including Binance, Bank To The Future, Galaxy Digital, crypto trading company Cumberland DRW and digital asset investment firm NovaWulf.

At the time Fong said the bids were “for the most part, abandoned” — referring earlier in the post to a statement from a Celsius lawyer proclaiming the bids “have not been compelling.”

“The bids have not been rejected. That’s just wrong, and I hope I can disabuse people of that incorrect notion today," stated Pesce.

The attorney refrained from confirming whether bids mentioned in the leak were accurate or not but said it was “regrettable” as it reduces the flexibility the committee has in the negotiation process.

“Every day, we and the debtors are providing public messages and private messages to potential investors about where they stand in the process,” explained Pesce.

“The messages that we sent them [...] is very planned out and structured so that we can play different parties against each other and make sure we get the last dollar for Celsius account holders because the success of that process will determine recoveries here.”

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