CoinDesk: 'Consumer Business Is Dead' for Bankrupt Crypto Lender Celsius: Expert
Celsius Network has received multiple offers to help restructure. During a Tuesday bankruptcy hearing, the company said it received several proposals to inject cash into the company and won approval from a U.S. judge to sell bitcoin (BTC) that it mines. Chapter 11 documents filed Monday, reveal that the Crypto lender is on track to run out of money by October. 507 Capital Managing Partner Thomas Braziel unpacks the details and the outlook for Celsius.
#cryptocurrency #digitalfinance #finance #bitcoin #crypto
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