” that led the lender to suspend withdrawals, swaps, and transfers on the platform in June, it filed for Chapter 11 bankruptcy on 14 July.
This brings the lender’s outstanding debt to $2.8 billion. In the coin report contained in the filing, Celsius disclosed that its debt in Bitcoin to investors was 104,962 BTC, out of which it had already lost more than half. However, with its current operating, capital, and restructuring expenditures, it projects that it would haveSource: Monthly Cash Flow Table from Court filingAs Celsius’ woes aggravate, the price of its token, CEL, continued to rally, at press time., CEL has led the market with the most gains in the last seven days.
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