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The Street
The Street
By Luc Olinga Celsius Network was one of the first crypto lenders to prevent its customers from withdrawing their money last month. And another domino falls. After Voyager Digital, another prominent crypto lender has just laid gone down, confirming that the liquidity crisis affecting the young industry is far from stabilizing. Celsius Networkfiled for Chapter 11 bankruptcy on July 13, becoming the latest casualty of the cryptocurrency market crash that saw more than $2 trillion wipe out in less than nine months. “Today’s filing follows the difficult but necessary decision by Celsius last month…
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