{"id":504103,"date":"2022-09-28T15:51:28","date_gmt":"2022-09-28T15:51:28","guid":{"rendered":"https:\/\/www.wncen.com\/?p=504103"},"modified":"2022-09-28T15:51:28","modified_gmt":"2022-09-28T15:51:28","slug":"sam-bankman-fried-eyes-on-bidding-for-celsius-assets","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/celsius\/sam-bankman-fried-eyes-on-bidding-for-celsius-assets\/","title":{"rendered":"Sam Bankman-Fried Eyes On Bidding For Celsius Assets"},"content":{"rendered":"
Celsius Network is a cryptocurrency lending firm headquartered in New Jersey. Though it maintained its offices in four countries, the company’s operation was global.<\/p>\n
Celsius allowed users to deposit different crypto assets while offering a percentage yield as a reward. Also, customers could get loans from the platform through a pledge of some digital assets as securities.<\/p>\n
Many crypto-related firms were affected during the severe crypto winter in the first half of 2022. The collapse of the algorithmic stablecoin Terra and its ecosystem magnified the crisis in the crypto space. Celsius was one of the struggling firms that experienced a more significant impact from the situation.<\/p>\n