celsius bankruptcy filing

What happens to investors’ money when a cryptocurrency exchange goes bankrupt

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New Jersey-based Celsius Network is the latest to announce voluntary bankruptcy due to illiquidity on its balance sheet. Celsius has filed Chapter 11 cases that are said to provide the best opportunity to stabilize your business and consummate a comprehensive restructuring transaction that maximizes value for all stakeholders. Last week, in its bankruptcy filing, the … Read more

Crypto Tracker: Markets Face Sharp Drop In Trading Volumes, Bitcoin Is Over $20,500

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The cryptocurrency market continues to face a winter sentiment from investors. On Saturday, there was a massive decline in trading volumes that pushed the cryptocurrency market capitalization below $925 billion. The liquidation comes after Celsius voluntarily filed for bankruptcy due to lack of liquidity. Currently, cryptocurrency exchanges are struggling with a liquidity crisis and that … Read more