Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo
Seeking Alpha 2022-07-10 18:26:44

Celsius Network said to hire new lawyers for restructuring advice

Cryptocurrency lender Celsius Network is said to have hire new advisers to advise on options including a possible bankruptcy filing.The embattled crypto lender had hired lawyers from Kirkland & Ellis to advise on its options, replacing law firm Akin Gump Strauss Hauer & Feld LLP, according to a WSJ report.In the wake of turbulent crypto market conditions, Celsius had suspended withdrawals, swaps, and transfers in June, putting the rest of the crypto market further on edge.The latest update on Celsius Network comes after the WSJ reported in mid June that the crypto lender employed restructuring consultants from Alvarez & Marsal as well as law firm Akin Gump Strauss Hauer & Feld.At the end of last month prominent crypto-focused hedge fund Three Arrows Capital was ordered to liquidate. On Wednesday crypto lending platform Genesis disclosed its loan exposure to Three Arrows Capital.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.