By The Numbers: The $1.2 Billion Hole In Celsius’ Balance Sheet | Bitcoinist.com

Celsius Network had its first limited withdrawals back on June 13th, and it had taken about one month from that point for the company to finally come forward and file for bankruptcy. It put an end to the speculation in the market regarding the solvency of the company.

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Crypto Lending Platform Celsius Discloses A New Recovery Plan | Bitcoinist.com

Crypto lending platform Celsius Network had filed for bankruptcy on July 13. A month prior to that the crypto lender had ceased withdrawals along with transfers from accounts. Celsius representatives appeared in court which is in relation to the company’s bankruptcy hearing.

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