Celsius files for bankruptcy
One month after pausing customer withdrawals, crypto lending firm Celsius Network filed for Chapter 11 bankruptcy. Celsius had recently hired a new group of restructuring lawyers from Kirkland & Ellis, the same group counseling Voyager Digital in their bankruptcy proceedings announced on July 6.
- "Crypto Lender Celsius Files for Bankruptcy After Cash Crunch", Bloomberg
- "Troubled Crypto Lender Celsius Hires New Restructuring Lawyers", The Wall Street Journal