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Celsius files for bankruptcy as crypto winter turns brutal
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fnlondon.comCryptocurrency lender Celsius Network filed for bankruptcy protection on 13 July, a month after halting withdrawals in the wake of a collapse in digital currency prices that stretched the platform’s business model past the breaking point.
The chapter 11 filing in New York follows weeks of market speculation about Celsius, which built itself into one of the biggest cryptocurrency lenders on a pitch that it was less risky than a bank, and with better returns for its customers.
But...
Read more on fnlondon.comAbout this in other media
Crypto lender Celsius Network reveals $1.19 bln hole in bankruptcy filing economictimes.indiatimes.com /2 years ago
Crypto Lender Celsius's Clients Face Long Wait Over Fate Of Their Money ndtv.com /2 years ago
$1.19B Deficit Hole Listed on Balance Sheet: Celsius Network blockchain.news /2 years ago
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