Overview

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In an open letter, Nexo has extended a formal offer to acquire qualifying assets of Celsius Network after their withdrawal freeze. The letter states: After what appears to be the insolvency of @CelsiusNetwork and mindful of the repercussions for their retail investors & the crypto community, Nexo has extended a According to Nexo, the offer will be valid for one week, until 4:30 a.m. UTC on J, unless Celsius accepts or rejects it or if withdrawn before that time. At the “The offer is valid until 4:30 a.m. UTC on June 20, unless accepted or rejected by the seller, or withdrawn by the buyer prior to that time.” Alongside the market-wide Nexo announced on its Twitter that it is willing to buy out the remaining assets of Celsius because the company has enough liquidity and available capital to do so. The offer is valid until 4:30 a.m. UTC on June 20, unless accepted or rejected by the seller, or withdrawn by the buyer prior to that time. The Block has reached out The letter noted that the offer is valid until 4:30 a.m, UTC (Coordinated Universal Time) on Monday, June 20, unless accepted or rejected by the seller or withdrawn Crypto lender Nexo has offered to buy Celsisus' qualifying assets as the rival deals with what appears to be a severe liquidity crisis. The offer, valid until Jun. 20, proposes

Nexo Preps for Celsius Buyout Offer: Deadline June 20th

Crypto lender Nexo is positioning itself to potentially acquire Celsius Network\'s qualifying assets amidst Celsius\'s liquidity crisis. Nexo has extended a formal offer to acquire these assets following Celsius Network\'s recent withdrawal freeze. This move aims to mitigate repercussions for Celsius\'s retail investors and the wider crypto community.

Nexo Extends Buyout Offer: Valid Until June 20th

In an open letter, Nexo states they are extending this offer "after what appears to be the insolvency of @CelsiusNetwork and mindful of the repercussions for their retail investors & the crypto community." Nexo announced on Twitter that it possesses sufficient liquidity and available capital to execute the acquisition.

Offer Details and Deadline

The offer to buy Celsius\' qualifying assets is valid until 4:30 a.m. UTC on June 20th. According to Nexo, this deadline stands "unless accepted or rejected by the seller, or withdrawn by the buyer prior to that time.” Multiple sources confirm this deadline, emphasizing the urgency for Celsius to respond.

What\'s Next for Celsius and Nexo?

The cryptocurrency market awaits Celsius\'s decision. The Block has reached out to Celsius for comment. Nexo\'s offer, if accepted, could provide a lifeline for Celsius users and potentially stabilize the market. The offer, valid until Jun. 20, proposes a way forward amid the ongoing uncertainty.

Stay updated on the latest developments regarding the Nexo Celsius buyout offer, as the June 20th deadline approaches.

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