Citigroup appointed to advise Celsius
Full Article: https://www.theblock.co/post/152230/citigroup-celsius-advising-after-withdrawal-freeze Celsius has appointed banking giant Citigroup to advise on possible solutions after the troubled crypto lender paused customer withdrawals on Sunday, two people familiar with the matter told The Block. Celsius has hired Citigroup in “an advisor capacity” but “it’s not like Citi is going to give Celsius money out of their… Continue reading Citigroup appointed to advise Celsius
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Celsius hires restructuring lawyer firm
From Wall Street Journal: https://www.wsj.com/articles/crypto-lender-celsius-hires-restructuring-lawyers-after-account-freeze-11655250575 Crypto lender Celsius Network LLC has hired restructuring attorneys from law firm Akin Gump Strauss Hauer & Feld LLP to advise on possible solutions for its mounting financial problems, according to people familiar with the matter. Last week Celsius told users that it was pausing all withdrawals, swaps and transfers… Continue reading Celsius hires restructuring lawyer firm
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Nexo offers to buy out Celsius
Nexo offers to buy out Celsius’ loans amid withdrawal suspension, reported by Coin Telegraph Nexo, its partners, and affiliates could readily acquire from Celsius part or all qualifying, outstanding collateralized loan receivables secured by their corresponding pledged cryptocurrency collateral, subject to Nexo’s risk management and collateral requirements.