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Celsius hires lawyers to restructure business after freezing withdrawals

Summary by Ground News
Celsius Network LLC has hired restructuring attorneys from law firm Akin Gump Strauss Hauer & Feld LLP to advise on possible solutions for its mounting financial problems. The crypto lender said on Sunday it was pausing all swaps, transfers and withdrawals between accounts due to extreme market conditions.
4 months ago·New York, United States

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ReutersReuters

Celsius hires lawyers to restructure business after freezing withdrawals

Crypto lender Celsius Network LLC has hired restructuring attorneys from law firm Akin Gump Strauss Hauer & Feld LLP to advise on possible solutions for its mounting financial problems, the Wall Street Journal reported https://on.wsj.com/3zDL82U on Tuesday. Celsius is first looking for possible financing options from investors, but is also exploring other strategic alternatives,

4 months ago·United Kingdom
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The Star Kuala LumpurThe Star Kuala Lumpur

Celsius hires lawyers to restructure business after freezing withdrawals

(Reuters) - Crypto lender Celsius Network LLC has hired restructuring attorneys from law firm Akin Gump Strauss Hauer & Feld LLP to advise on possible solutions for its mounting financial problems, the Wall Street Journal reported https://on.wsj.com/3zDL82U on Tuesday.

4 months ago·Malaysia
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Channel News AsiaChannel News Asia

Celsius hires lawyers to restructure business after freezing withdrawals

Crypto lender Celsius Network LLC has hired restructuring attorneys from law firm Akin Gump Strauss Hauer & Feld LLP to advise on possible solutions for its mounting financial problems, the Wall Street Journal reported https://on.wsj.com/3zDL82U on Tuesday.Celsius is first looking for possible financing o

4 months ago·Singapore
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Financial PostFinancial Post

Crypto lender Celsius hires restructuring lawyers after account freeze – WSJ

- Source link: on.wsj.com/3zDL82U Read More

4 months ago·Canada
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Business InsiderBusiness Insider

Crypto lender Celsius hires lawyers to help it restructure its finances, after it froze withdrawals of customer deposits: report

Celsius' customers have reportedly withdrawn more than $2.5 billion in assets this year as crypto prices slid, but some now have funds trapped in accounts.

4 months ago·United States
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Wall Street JournalWall Street Journal

Crypto Lender Celsius Hires Restructuring Lawyers After Account Freeze

Celsius Network has hired lawyers to advise on possible solutions for its mounting financial problems, according to people familiar with the matter.

4 months ago·New York, United States
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43% of the sources are Center, 43% of the sources lean Right
Business Insider
Reuters
Channel News Asia
Coin Desk
Financial Post
Wall Street Journal
The Star Kuala Lumpur
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C 43%
R 43%
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