A newly published report claims sources say the crypto lender Celsius is now working with the restructuring advisory firm Alvarez & Marsal.
told Celsius they recommended it file for bankruptcy. The report that discusses Akin Gump’s and Citigroup’s alleged recommendation said that both companies declined to comment on the subject.that tells the Celsius Network community that the company’s “objective continues to be stabilizing our liquidity and operations.” Celsius added that the “process will take time” but the post does not detail what type of process it meant.
“Basically you have added nothing to what you have already said. Which is, per se, very little already,” an individual wrote in response to the company’s statement. “The lack of transparency is very concerning,” another person said. “Choosing Celsius was the worst choice of my life,” a Medium user called “Crypto Cooper” wrote five days ago. CEL, the Celsius Network’s native token is down 80.9% during the last 12 months and 86.3% lower than the asset’s all-time high.
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