Follow Celsius news, including bankruptcy proceedings, creditor updates, legal rulings, restructuring efforts, and fallout across crypto markets.
The Court further ordered that Bitcoin or Ethereum were the only cryptocurrencies that could be used to pay out creditor claims.
Oluwapelumi Adejumo 2 min read 
According to Bloomberg, the full extent of the relationship between Wintermute and Celsius is unknown.
The bankruptcy comes less than a week after custodian BitGo agreed to acquire Prime Trust's parent company.
If approved, the bankrupt crypto lender's assets will be sold off to form a new company.
OPNX's bankruptcy tokenization will be offered to Celsius users after May 29 - enabling creditors to unlock frozen funds.
The latest bids are hundreds of millions of dollars greater than past bids.
Liquid staking protocol Lido said it has around 440,000 ETH in its buffers to "absorb" large-scale Ethereum withdrawal requests.
On-chain sleuth Lookonchain reported that the bankrupt lender Celsius had withdrawn over 6000 ETH in April.
Under Chair Gary Gensler, the U.S. SEC has filed charges against crypto firms with interest-bearing product similar to that of Celsius.
