Celsius Network, a cryptocurrency lending company, has declared bankruptcy

Celsius Network, a cryptocurrency lending company, has declared bankruptcy

Another corporate victim of the crypto crash has emerged: Celsius Network has filed for Chapter 11 bankruptcy protection. The future of the crypto lending company has been in doubt since it abruptly ceased all withdrawals and transfers exactly one month ago. It now hopes to continue operations with the $167 million in cash it still has while bankruptcy courts restructure the company.