Cryptocurrency News

Celsius bankruptcy proceedings show complexities amid declining hope of recovery

08/26/2022

Less than a minute

2022.08.26 18:25

Celsius bankruptcy proceedings show complexities amid declining hope of recovery

The Celsius Network is one of many crypto lending firms that has been swept up in the wake of the so-called “crypto contagion.”

Rumors of Celsius’ insolvency began circulating in June after the crypto lender was forced to halt withdrawals due to “extreme market conditions” on June 13 and eventually filed for chapter 11 bankruptcy a month later on July 13.

Terms of Service for Celsius accounts. Source: Celsius Presentation

08/26/2022

Less than a minute

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