Ripple Labs has expressed interest in buying the assets of bankrupt cryptocurrency lender Celsius.
Last week, Ripple lawyers filed paperwork with Celsius Bankruptcy Court to include the company in the lawsuit. This week, Ripple’s request was granted by the court.
Despite “extreme” market conditions, the company continues to grow and is “actively seeking opportunities for strategic scaling, including through mergers and acquisitions,” according to a Ripple spokesperson.
“We are interested in learning more about Celsius and its assets and whether they can help grow our business,” a Ripple spokesperson said.
However, Ripple Labs declined to say if the company is interested in acquiring Celsius outright. Lawyers authorized to represent the interests of Ripple and Celsius also declined to comment.
Recall that in 2020, the US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, accusing the company of conducting an unregistered ICO for $1.3 billion.
Jeremy Hogan, a lawyer who specializes in protecting cryptocurrency companies, suggested that the case between Ripple and the SEC could be completed by November of this year or at any time thanks to a settlement agreement.
Source: Bits
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