Bankrupt crypto lender Celsius said that it has gotten several proposals to inject cash into the company, after announcing that it is running low on funds a few days back. The company has been granted approval to sell mined BTC.
Judge Martin Glenn gave Celsius the approval to sell the Bitcoin it mines in the Tuesday hearing. Josh Sussberg, the lawyer of Celsius, said during the hearing that the company has received several cash-injection offers, without revealing the amounts. He further said that moving hastily on this is “mission critical” for Celsius.
Financial projections for the company in a court filing on Monday showed that the company will run out of cash by October and that it holds $2.8 billion less in crypto than it owes to depositors.
