Nexo AG has released a Letter of Intent showing its potential interest in the possible acquisition of certain assets of crypto firm Celcius Network LLC and Celsius Lending LLC.
In the letter, Nexo stated that the company, its partners and affiliates are interested in acquiring “certain remaining qualifying assets, mainly collateralized loan receivables secured by corresponding collateral assets, brand assets and customer database of the business”.
This comes following the crypto lending platform’s Monday announcement to pause all withdrawals and transfers between accounts due to extreme market conditions.
“In service of that commitment and to adhere to our risk management framework, we have activated a clause in our Terms of Use that will allow for this process to take place,” the official company blog reads.
Celcius has not replied to
Source: blockchain.news