Report: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice – Bitcoin News

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A newly published report claims sources say the crypto lender Celsius is now working with the restructuring advisory firm Alvarez & Marsal.

told Celsius they recommended it file for bankruptcy. The report that discusses Akin Gump’s and Citigroup’s alleged recommendation said that both companies declined to comment on the subject.that tells the Celsius Network community that the company’s “objective continues to be stabilizing our liquidity and operations.” Celsius added that the “process will take time” but the post does not detail what type of process it meant.

“Basically you have added nothing to what you have already said. Which is, per se, very little already,” an individual wrote in response to the company’s statement. “The lack of transparency is very concerning,” another person said. “Choosing Celsius was the worst choice of my life,” a Medium user called “Crypto Cooper” wrote five days ago. CEL, the Celsius Network’s native token is down 80.9% during the last 12 months and 86.3% lower than the asset’s all-time high.

 

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They have to do it with a big company

Sounds like a progress. I hope they sue Alameda for attacking them and ruining a lot of lives.

That will be massive 🔥 $PAW

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There are more and more platforms now, which means that the person who starts everything is the first to get the most profit. The more and more people, the less and less profit, until everyone joins and finally there is no profit. .

Crypto is a digital ponzi scheme promoted by the CIA.

Good then $paw

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