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Report: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice

Report: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring AdviceAfter the crypto lending platform Celsius halted operations on June 12, at 10:10 p.m. (ET), two days later the Wall Street Journal (WSJ) quoted “people familiar with the matter” who said Celsius was hiring restructuring lawyers. At the time, the WSJ said Celsius was looking to hire the bankruptcy and restructuring law firm Akin Gump […]

Canadian authorities arrest self-proclaimed ‘Crypto King’ for $30M fraud

Report: Celsius Hires Citigroup to Help the Startup Find ‘Potential Financing’

Report: Celsius Hires Citigroup to Help the Startup Find ‘Potential Financing’According to “two people familiar with the matter,” the cryptocurrency lending company Celsius is working with the financial giant Citigroup in order to get advice on how to handle the firm’s financial hardship. The sources note that Citigroup was hired by Celsius to help the company find “potential financing.” Sources Say Celsius Is Looking for […]

Canadian authorities arrest self-proclaimed ‘Crypto King’ for $30M fraud

Report: Celsius Seeks Help From Restructuring Lawyers Over Financial Hardship

Report: Celsius Seeks Help From Restructuring Lawyers Over Financial HardshipFollowing the rumors and speculation surrounding the crypto lending firm Celsius, a Wall Street Journal report, quoting “people familiar with the matter,” explains that the company is reportedly hiring restructuring lawyers. Basically, hiring restructuring and insolvency attorneys is one of the first stages of fixing a company’s financial hardship by essentially attempting to avoid insolvency. […]

Canadian authorities arrest self-proclaimed ‘Crypto King’ for $30M fraud