Key facts:
Goldman Sachs bank is raising money to invest in Celsius if this platform goes bankrupt.
Celsius goes to great lengths to stay afloat, including “allying with the enemy.”
Goldman Sachs, one of the oldest banking entities in the United States, is raising money to buy part of Celsius, a cryptocurrency lending platform that is currently on the verge of bankruptcy.
According to sources quoted by US media, Goldman Sachs aims to raise $2 billion (USD) to invest in Celsius, in case this platform goes bankrupt, which would allow the bank’s creditors to acquire Celsius shares at a discount price.
“Goldman Sachs appears to be raising interest and soliciting support from investment funds specializing in Web3 and cryptocurrencies, in addition to funds specializing in assets under pressure and traditional financial institutions with liquidity,” reads the report of the Coindesk medium, whose sources were not identified for discretion.
Celsius does everything to get out of the bad streak
Celsius has been going through a tremendous pressure from the downturn in the cryptocurrency market, forcing him to freeze bitcoin (BTC) withdrawals and other cryptocurrencies on its platform. Likewise, the liquidity problems of Celsius have also affected other decentralized finance (DeFi) protocols such as Bancor.
1 year ago, the price of the celsius token (CEL) hovered around $7, its all-time high. It is now trading at around $1.
As CriptoNoticias reported, Celsius has also completely stopped all interaction on his social networks., generating anxiety in his followers, although they affirm that it is to concentrate efforts on his recovery, and they have asked for patience. Celsius has more than 1.7 million users.
The claims about Goldman Sachs and Celsius are not unreasonable since, as we reported, the cryptocurrency lending platform also turned to the Citigroup consortiumanother traditional banking institution, looking for advice to get out of their problems.