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Celsius bankruptcy proceedings show complexities amid declining hope of recovery

2022.08.26 18:25

Celsius bankruptcy proceedings show complexities amid declining hope of recovery
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

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