The collapse of Celsius, a prominent crypto lender, sent shockwaves through the financial industry. As the company faced insolvency, it became apparent that decisive action was necessary to salvage its assets and mitigate the potential fallout.
Fahrenheit outbid rival bidder NovaWulf in the intensely competitive acquisition process, winning the rights to Celsius’ assets. The selection of the Blockchain Recovery Investment Consortium as a fallback measure demonstrated a dedication to emergency preparation and securing the best result for all parties concerned.