Celsius reports immediately bankruptcy: report
Celsius reports immediately bankruptcy: report
- The lender recently replaced its former lawyers by that of Kirkland & Ellis LLP, the same lawyers who edit the bankruptcy applications from Voyager
- Celsius is said to have defended himself against calls by his former lawyers to register bankruptcy
The competitive crypto loan Celsius will soon register bankruptcy in accordance with Chapter 11 and follow the earlier advice of his former lawyers.
according to a report by cnbc on late Wednesday Quoted-the lender plans to submit the bankruptcy documents according to Chapter 11 "immediately" after the company's lawyers have notified the individual US regulatory authorities.
It is the latest development for the lender, who at his height has managed around $ 8 billion in crypto loans with a wealth of around $ 11.8 billion Celsius is said to have opposed the advice of his own lawyers to register bankruptcy and claimed that user support would help to avoid the process as a whole. A source trusted with the matter said Blockworks in an interview on Tuesday that it was "quite possible" that Celsius could go bankrupt. The latest reports seem to confirm the suspicion that many had expected in the industry. The lender based in New Jersey replaced his former lawyers at Akin Gump Strauss Hauer & Feld LLP with new ones from Kirkland & Ellis LLP at the beginning of this week. Voyager, another lender that has become difficult, also uses the same law firm. A former crypto money manager and former employee of Celsius also sued the lender for allegations that the company had misused user money in order to cover its deficits in the lending business. According to Arkham Intelligence, this manager is said to have cost 61.2 million dollars of liquidations. bring the best crypto and findings of the day into your inbox every evening. . The contribution "Celsius reports bankruptcy immediately before": The report is not a financial advice.
Kommentare (0)