[JIALAT] Celsius Network hires advisors to prepare for potential bankruptcy

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[JIALAT] Celsius Network hires advisors to prepare for potential bankruptcy

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25-06-2022, 09:20 PM

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[JIALAT] Celsius Network hires advisors to prepare for potential bankruptcy

An honorable member of the Coffee Shop Has Just Posted the Following:

Celsius Network LLC has hired restructuring consultants from advisory firm Alvarez & Marsal to advise on a possible bankruptcy filing, the Wall Street Journal reported on Friday, citing people familiar with the matter.

The New Jersey-based cryptocurrency lending company froze withdrawals and transfers earlier this month due to "extreme" market conditions, in the latest sign of the financial market downturn hitting the cryptosphere.

A separate report from CoinDesk said on Friday that Wall...

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