Celsius, one of crypto’s biggest lenders, files for bankruptcy

Celsius Network, one of the world’s largest cryptocurrency lenders, has filed for bankruptcy protection, a month after freezing customer assets in the wake of a sharp turbulence in the crypto market that has toppled business models of several firms.
The New Jersey-headquartered startup, which was valued at $3.25 billion when it extended its “oversubscribed” Series B financing round to $750 million in November, said in a Chapter 11 bankruptcy filing in federal court in New York that it had anywhere between $1 billion and $10 billion in assets and liabilities and more than 100,000 creditors.
The

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