Celsius Seeks Legal Aid As Its Financial Situation Worsens

A Wall Street Journal (WSJ) report has it that crypto lender Celsius may be seeking help from a restructuring law firm.

On June 13, 2022, PageOne.ng reported that lending platform Celsius was shutting down specific operations such as withdrawals, swaps, and account transfers.

Those operations are still not available to Celsius customers.

Celsius may be tapping the bankruptcy and restructuring law firm Akin Gump Strauss Hauer & Feld LLP.

The report has it that Celsius is attempting to get help from investors first.

The rumored Celsius insolvency has caught the crypto industry in shock as the industry is still cleaning up the mess left behind by the Terra blockchain fiasco.