Goldman Sachs may raise funds to acquire the non-performing assets of Celsius, a quick gift or a public relations stunt?

This article comes fromBitcoin.com, original author: Jamie Redman

Odaily Translator |

This article comes fromOdaily Translator |

Crypto lending platform Celsius suspends withdrawals, transactions, and transfers at 22:10 ET on June 12

. Two days later, the Wall Street Journal reported Celsius was hiring restructuring lawyers, citing people familiar with the matter. Celsius was considering hiring bankruptcy and restructuring law firm Akin Gump Strauss Hauer & Feld LLP, it was reported at the time. However, a new Wall Street Journal report says Celsius is working with restructuring consultancy Alvarez & Marsal.secondary title。

Celsius may partner with a restructuring advisory firm, sources sayThe current financial status of Celsius remains unknown and since June 12 there have been suspicions that the company is insolvent. There's been a lot of rumors and speculation about Celsius lately, June 13th,Crypto Lending Firm Nexo Says It's Ready to Make Acquisition Proposal for Celsius

The suspicion that Celsius was in financial trouble arose because of a June 12 tweet from the company. Celsius stated, “Due to extreme market conditions, today we are announcing that Celsius is suspending withdrawals, transactions, and transfers between all accounts.” Others speculate,Address suspected to be CelsiusThe 17,919 WBTC mortgaged in the Maker agreement are at risk of liquidation.

June 14,The Wall Street Journal reported thatJune 24,

Another Wall Street Journal report said

, Celsius may have hired restructuring advisers from consulting firm Alvarez & Marsal to advise on a potential bankruptcy filing.secondary titleGoldman Sachs eyeing Celsius distressed assets, people familiar with the matter say

CoinDesk reported that

but,“Goldman Sachs is seeking to raise $2 billion from investors to buy distressed assets from troubled crypto lender Celsius.” Two sources said the proposed Goldman deal “would allow investors to acquire the Celsius assets at a potentially steeply discounted price.”but,

also,BitMEX founder Arthur Hayes reminded, unless Goldman Sachs makes it clear, please don't believe that Goldman Sachs is putting its money at risk. What Goldman is doing is what advisory banks typically do, bringing together a group of investors and helping them structure the purchase of distressed assets for huge fees. Any and all bailouts should be viewed as PR stunts until actual funds are deployed and actual depositors can withdraw some or all of their funds from bankrupt centralized crypto lenders.also,Reuters reports

Celsius said the U.S. Securities and Exchange Commission (SEC) and several state regulators were investigating Celsius over the suspension of withdrawals."wealth"Other media reported that Akin Gump and financial giant Citigroup both recommended Celsius file for bankruptcy, according to people familiar with the matter. However, Akin Gump and Citigroup declined to comment, the report said.

After Celsius suspended withdrawals,

Celsius Network has published a blog post