The most important cryptocurrency has lost more than half its value since the beginning of the year.
(Photo: dpa)
Denver The American crypto platform Celsius has filed for bankruptcy. The company announced this on Wednesday evening US time. Exactly a month ago, the so-called crypto lender, which enables borrowing and lending of digital currencies, had frozen trades and deposits. “It was a difficult but necessary decision,” said the Hoboken, New Jersey-based company. Celsius now wants to restructure under creditor protection in order to “maximize the value of the company for all stakeholders.”
Celsius was one of the largest providers in the industry. At the end of May, the company, which was founded in 2017, said it still had almost $12 billion in assets. The Berlin neobank Nuri also maintained a partnership with Celsius, and passed on customers of their Bitcoin earnings account to the Americans.
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