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Crypto Lender Celsius Network Files for Bankruptcy, Owes Users $4.7 Billion

Crypto lender Celsius Network officially filed for bankruptcy protection after being hit hard by the recent crypto market crisis. The decision comes after Celsius stopped withdrawals from its platform last month. Fellow crypto-lender Voyager Digital previously also made the same move. According to the court...

Celsius Shareholder Proposes Rescue Plans for Struggling Crypto Lender

There might be a light at the end of the tunnel for struggling crypto lender Celsius Network. Crypto investment platform BnkToTheFuture, one of the company's shareholders, recently proposed a series of plans that are aimed at saving Celsius from liquidation. The recent crypto market crash...

Goldman Sachs Looking to Raise $2 Billion for Buying Celsius Network Assets

Major U.S. investment bank Goldman Sachs is reportedly in the process of raising $2 billion aimed at buying crypto lender Celsius Network's distressed assets. According to Fortune, this type of deal would allow investors to pick up Celsius' assets for a huge discount in...