Cryptocurrency News

Court filings reveal Celsius will run out of money by October

08/16/2022

Less than a minute

2022.08.16 22:29

Court filings reveal Celsius will run out of money by October

Embattled crypto lender Celsius Network is on track to run out of money by October, according to the firm’s latest Chapter 11 documents.

Filed on Aug. 14 to the U.S. Bankruptcy Court of the Southern District of New York, Celsius highlighted that it is expected to reach negative liquidity by October 2022 to approximately $34 million.

08/16/2022

Less than a minute

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