Celsius Starting Bankruptcy Proceedings: Report
Crypto lender's lawyers are notifying state regulators, source tells CNBC.
Updated May 11, 2023 at 6:53 p.m. UTC
Crypto lender Celsius Network has started Chapter 11 bankruptcy preparations, CNBC reported Wednesday, citing a person familiar with the discussions.
- Celsius lawyers were notifying U.S. state regulators Wednesday evening, and Celsius plans to file paperwork “imminently,” the person told CNBC.