Celsius Network, a cryptocurrency lending company, has declared bankruptcy

According to the filing, Celsius Network has between $1 billion and $10 billion in assets but owes a similar amount. The five largest claims range in value from $20 million to $80 million. Before this year’s sell-off, the company was valued at $3.25 billion and managed assets worth up to $24 billion. This was reportedly around $12 billion before it locked withdrawals, but the bankruptcy filing suggests it now has less.