1 August 2026
Goldman Sachs Raising Funds to Buy Celsius Network’s Assets
According to Fortune, the Investment bank Goldman Sachs is raising $2 billion to buy Celsius’ assets as it prepares for potential bankruptcy. The investors of Goldman Sachs will be able to acquire Celsius’ assets at big discounts, even if Celsius does not declare bankruptcy. Simultaneously, Celsius has hired additional lawyers from the advisory firm Alvarez & Marsal.
According to sources, Goldman Sachs is showing interest in Web3 crypto funds, funds specializing in investing in distressed assets, and traditional financial institutions.
Goldman Sachs is also in talks with the FTX crypto exchange to integrate leveraged derivatives trading. Currently, the exchange is committing to bail out several crypto firms, such as BlockFi and Voyager Digital, as they face liquidation risks.
The crypto lender Celsius has hired the advisory firm Alvarez & Marsal for a possible bankruptcy filing. Citigroup and Akin Gump Strauss Hauer & Feld have recommended Celsius for a bankruptcy filing. The plan of Celsius to resolve the liquidity problems seems to be failing, as bankruptcy remains the only option.
Celsius has already liquidated its ETH holdings and withdrawn its ETH positions in Bancor’s liquidity pool. The recovery plan from the community has also failed.
On Friday, short-sellers of the Celsius’ CEL token covered their positions by forcefully raising the price through mass purchases and withdrawing them from various exchanges.
Additionally, Celsius is facing lawsuits from its investors after the firm paused withdrawals. The founder of BitBoyCrypto.com, Ben Armstrong, had warned that a class-action lawsuit is under development against Celsius. As a result, bankruptcy may remain the only option for Celsius.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.
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