A month after closing its operations, the Celsius Network cryptocurrency exchange platform has hosted chapter 11 to declare in bankruptcy, while continuing to fight with its liquidity problems.
Deficit of 1,190 million dollars
The Celsius Network cryptocurrency negotiation platform, which officially entered bankruptcy on July 13, has a USD 1,190 million deficit in its results account. This is confirmed by the judicial documents presented before a New York Court.
After knowing that Celsius suspended its transactions, Bitcoin collapsed 15% in the markets. In the press release, in which they have made public the announcement of bankruptcy, Celsius Network has also revealed that the company only has 167 million dollars in cash, which will be used to “support operations and restructure the company”.
In case Celsius does not achieve the restructuring you are looking for, there is a high risk that many of your customers lose their assets. This news in the Boldist market of cryptocurrencies has not sat at all well, since many cryptoactives have followed the descending path of recent days.
The truth is that this fall from a renowned company is generating a lot of noise. However, many media are taking advantage of this fall to sow doubts, initially unjustified, about many other suppliers.
In some articles they even question Binance, the largest exchange in terms of volume, claiming that Bitcoins sending Binance temporarily paralyzed. According to Binance, it was a mere temporal error that barely lasted 2 hours but that served many to point them out with little justification.
It is not the first time that we observe this type of comments between the media say, conventional, giving the feeling that there is some type of campaign interested in discrediting cryptocurrencies. We hope that there will soon be a regulation that protects users and not only to ask them to pay the corresponding taxes. Only in this way we will be protected, at least in part, in the face of problems such as Celsius.
