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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Reuters

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 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 Asia

Celsius hires lawyers to restructure business after freezing withdrawals

4 months ago·Singapore

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Celsius' customers have reportedly withdrawn more than $2.5 billion in assets this year as crypto prices slid, but some now have funds trapped in accounts.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