Crypto Lender Celsius Network Which Froze Deposits Files for Chapter 11 Bankruptcy
Posted on 07/14/2022
Celsius Network announced that it initiated voluntary Chapter 11 proceedings to provide the Company with the opportunity to stabilize its business and consummate a comprehensive restructuring transaction that maximizes value for all stakeholders. To implement the restructuring, the Company and certain of its subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the U.S.…
