(CNBC) Crypto company Celsius has started the process of filing for Chapter 11 bankruptcy protection after a month of turmoil. In a Wednesday statement, Celsius said it would look to stabilize its business by restructuring in a way “that maximizes value for all stakeholders.” Celsius said it has $167 million in cash on hand to support operations in the meantime.
Embattled crypto lender Celsius files for bankruptcy protection
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