{"id":473762,"date":"2022-07-14T02:46:01","date_gmt":"2022-07-13T23:46:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/breaking-celsius-reportedly-filing-for-bankruptcy-imminently\/"},"modified":"2022-07-14T02:46:01","modified_gmt":"2022-07-13T23:46:01","slug":"breaking-celsius-reportedly-filing-for-bankruptcy-imminently","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/breaking-celsius-reportedly-filing-for-bankruptcy-imminently\/","title":{"rendered":"# BREAKING: Celsius reportedly filing for bankruptcy &#8216;imminently&#8217;"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2f91282cf96\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2f91282cf96\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/breaking-celsius-reportedly-filing-for-bankruptcy-imminently\/#%E2%80%9D_BREAKING_Celsius_reportedly_filing_for_bankruptcy_%E2%80%98imminently_%E2%80%9C\" >&#8221; BREAKING: Celsius reportedly filing for bankruptcy &#8216;imminently&#8217; &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_BREAKING_Celsius_reportedly_filing_for_bankruptcy_%E2%80%98imminently_%E2%80%9C\"><\/span>&#8221; BREAKING: Celsius reportedly filing for bankruptcy &#8216;imminently&#8217; &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvM2YwM2QwYjItNDZhMS00YjcxLTk1MDctOGY1N2MwYWIxZmFiLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-28d77a7a>Crypto lending platform Celsius has reportedly filed for Chapter 11 bankruptcy, with its lawyers starting to notify individual U.S. state regulators as of Wednesday, July 13.<\/p>\n<p>The <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> was <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2022\/07\/13\/embattled-crypto-lender-celsius-informs-state-regulators-that-its-filing-for-bankruptcy-imminently-source-says-.html\" data-amp=\"https:\/\/www-cnbc-com.cdn.ampproject.org\/c\/s\/www.cnbc.com\/amp\/2022\/07\/13\/embattled-crypto-lender-celsius-informs-state-regulators-that-its-filing-for-bankruptcy-imminently-source-says-.html\">reported<\/a> by CNBC and referred to an unnamed source, who asked not to be named as the proceedings were private. They said that the company planned to file the Chapter 11 paperwork \u201cimminently.\u201d<\/p>\n<p>It comes just days after the embattled lending platform replaced its previously hired law firm Akin Gump Strauss Hauer &amp; Feld LLP with Kirkland &amp; Ellis LLP, the same firm that assisted Voyager Digital with its bankruptcy filing last week.<\/p>\n<p>Earlier in the day, Celsius closed off the last of its DeFi debts owed to Compound, Aave, and Maker, reducing its initial debt of $820 million to just $0.013 over the course of a month. <\/p>\n<p>Still unknown, however, will be the fate of depositors who still have their assets locked up on the lending platform. Neither the company nor its CEO Alex Mashinsky has made any public comments about whether depositors will receive any percentage of their funds back. <\/p>\n<p>On Tuesday, Vermont\u2019s Department of Financial Regulation (DFR) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dfr.vermont.gov\/consumer-alert\/dfr-encourages-celsius-network-investors-proceed-caution\">issued<\/a> a warning against the troubled crypto lending firm, reminding consumers that the firm is not licensed to offer its services in the state.<\/p>\n<p>The DFR also stated it believed the company was \u201cdeeply insolvent\u201d and doesn\u2019t possess \u201cassets and liquidity\u201d to fulfill its obligations toward the customers, and accused them of mismanaging customer funds by allocating them towards risky investments.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bombshell allegations of fraud as KeyFi takes Celsius to court<\/em><\/strong><\/p>\n<p>Vermont has become the sixth state in America to open an investigation into Celsius\u2019s crypto interest rate accounts, joining the likes of Alabama, Kentucky, New Jersey, Texas and Washington.<\/p>\n<p>Rumors of Celsius\u2019 insolvency began circulating last month after the crypto lender was forced to halt withdrawals due to \u201cextreme market conditions\u201d on June 13.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/breaking-celsius-is-reportedly-filing-for-bankruptcy-imminently\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; BREAKING: Celsius reportedly filing for bankruptcy &#8216;imminently&#8217; &#8220; Crypto lending platform Celsius has reportedly filed for Chapter 11 bankruptcy, with its lawyers starting to notify individual U.S. state regulators as of Wednesday, July 13. The news was reported by CNBC and referred to an unnamed source, who asked not to be named as the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":473763,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvM2YwM2QwYjItNDZhMS00YjcxLTk1MDctOGY1N2MwYWIxZmFiLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[4978,117,70934],"class_list":["post-473762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bankruptcy","tag-business","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/473762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=473762"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/473762\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/473763"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=473762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=473762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=473762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}