Celsius Network: crypto firm reveals $1.2bn deficit in bankruptcy filing
https://www.theguardian.com/technology/2022/jul/15/celsius-network-crypto-firm-deficit-bankruptcy-funds
Company says it was faced with a ‘run on the bank’ as investors raced to withdraw their assets
The cryptocurrency platform Celsius Network was left with a $1.2bn (£1bn) deficit after suffering from a digital version of an old-fashioned “run on the bank”, according to its bankruptcy filing in the US.
Celsius Network: crypto firm reveals $1.2bn deficit in bankruptcy filing
Jul 15, 2022, 3:16pm UTC
https://www.theguardian.com/technology/2022/jul/15/celsius-network-crypto-firm-deficit-bankruptcy-funds
> Company says it was faced with a ‘run on the bank’ as investors raced to withdraw their assets
> The cryptocurrency platform Celsius Network was left with a $1.2bn (£1bn) deficit after suffering from a digital version of an old-fashioned “run on the bank”, according to its bankruptcy filing in the US.