Cryptocurrency

Celsius Files for Bankruptcy a Month After Freezing Withdrawals, Amid Ongoing Industry Turmoil

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Celsius Files for Bankruptcy a Month After Freezing Withdrawals, Amid Ongoing Industry Turmoil

Celsius, the cryptocurrency investment platform, revealed on Wednesday that it had filed for bankruptcy in the US. The move comes a month after Celsius froze withdrawals on its platform, and the firm says it is seeking to restructure in a way that would maximize value for all stakeholders. Other firms also recently suspended withdrawals, such as CoinFlex and Babel Fin…

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