Crypto lender Celsius Network, one of the biggest in the world, has filed for Chapter 11 bankruptcy protection, joining a string of crypto asset organizations that have restructured in response to a severe sell-off in cryptocurrencies this year.
The news is the latest high-profile crypto bankruptcy as crypto values collapse, making Celsius the latest victim of a $ 2 trillion meltdown that has crippled some of the sector’s most popular companies and left hundreds of thousands of individual investors losing significant amounts of money.
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