Ripple Labs Wants to Buy Potential Assets of Bankrupt Celsius

According to a company spokesperson at Ripple, San Francisco-based blockchain payments firm Ripple Labs is interested in acquiring potential assets of bankrupt cryptocurrency firm Celsius Network.

As the cryptocurrency community knows, it is a lending and interest lending company. Celsius, started to experience financial problems with the Terra LUNA collapse in early May and announced on June 12 that the platform suspended all shooting works. Despite all the rescue efforts in the ongoing process, the company was dragged into an inevitable bankruptcy quagmire and the result did not change. While legal proceedings on the Celsius side continue Ripple Labs A spokesperson for the bankrupt Celsius’s “potential assets” announced that they are interested in buying.

In the statement made by the spokesperson, it was not clear whether Ripple was interested in purchasing Celsius directly. The following statements were included in the statement:

We would like to learn about the Celsius company and its assets and see if any of them can be of use to us.

Ripple Labs spokesperson continued in his statement that during the recent crashes in the crypto markets, Ripple’s company continues to grow and strengthen, stated that they are looking for alternative merger and acquisition opportunities in order to strategically scale the company at this point.

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