Bankrupt crypto lender Celsius Network on Thursday filed a request for the sale of its stablecoin holdings, in a bid to raise funds for its operations.
The request was filed with the United States Bankruptcy Court Southern District Of New York.
New Jersey-based Celsius had filed for bankruptcy in New York in July, after it froze withdrawals, citing “extreme” market conditions.
Celsius currently owns 11 different forms of stablecoin, for a total of about $23 million.
Reuters