CryptoDaily Briefs

Daily Brief Crypto: A Quick Review of the Celsius Bankruptcy Filing and more

In today’s briefing:

  • A Quick Review of the Celsius Bankruptcy Filing

A Quick Review of the Celsius Bankruptcy Filing

By Rose Choy

  • Celsius filed for bankruptcy on July 14 and we parse through the filings to shed some light on the lender and its activities.
  • Quick analysis shows that unsecured creditors can get back 60 cents on the dollar.
  • The May “Bank Run” post LUNA crash, asset-liability mismatch and poor market conditions ultimately led the Company to file for bankruptcy. 

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