简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Celsius Network hires advisors to prepare for potential bankruptcy – WSJ
Abstract： Celsius Network LLC has hired restructuring consultants from advisory firm Alvarez & Marsal to advise on a possible bankruptcy filing, the Wall Street Journal reported https://www.wsj.com/amp/articles/celsius-network-taps-more-advisers-to-prepare-for-potential-bankruptcy-11656088078?mod=Searchresults_pos1&page=1 on Friday, citing people familiar with the matter.
The New Jersey-based cryptocurrency lending company froze withdrawals and transfers earlier this month due to “extreme” market conditions, in the latest sign of the financial market downturn hitting the cryptosphere.
A separate report from CoinDesk said https://www.coindesk.com/business/2022/06/24/goldman-sachs-raising-funds-to-buy-celsius-assets-sources on Friday that Wall Street bank Goldman Sachs was looking to raise $2 billion from investors to buy distressed assets from Celsius.
The proposed deal would allow investors to buy the assets at potentially big discounts if the cryptocurrency lender files for bankruptcy, according to the report, which cited two people familiar with the matter.
Celsius had $11.8 billion in assets as of last month. The company and Alvarez & Marsal did not immediately respond to Reuters requests for comment.
The market for digital assets has in recent months been roiled by extreme volatility as investors dump risky assets on fears that aggressive interest rate hikes to tame stubborn inflation could plunge the economy into recession.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
Why Germany’s Economy and Stock Market Tell Two Different Stories
Germany's economic growth has continued to be sluggish, yet its stock market has remained exceptionally strong, sparking widespread attention. Why do we see a coexistence of economic stagnation and stock market prosperity? In this article, we will delve into the reasons behind this phenomenon and possible strategies for addressing it.
FINRA Fines Wall Street Access $125,000
Wall Street Access (WABR) has recently agreed to pay a fine as part of a settlement with FINRA.
Breaking News: Indian Firm Defrauds UAE Businesses of ₹29 Crore Trade Scam
Indian firm defrauds UAE businesses in a ₹29 crore trade scam. Details on victims, modus operandi, and police investigations.
Vantage Markets Extends Deposit Bonus to Boost Copy Trading
Vantage Markets extends Deposit Bonus for Copy Trading Accounts lets you trade smarter. Enjoy bonus capital, profit-sharing, and intuitive trading tools today!
WikiFX Broker
Latest News
IG Japan Extends US Stock CFD Trading Hours in 2025
WikiFXALERT! Warning against Livaxxen
WikiFXWhich Zodiac Sign Makes the Best Trader?
WikiFXPlus500 Collaborates with Topstep, Prop firm
WikiFXWill Gold Prices Continue to Rise Due to Trump’s Tariffs?
WikiFXMiami Firm Owner Pleads Guilty to $6M Ponzi Scheme Fraud
WikiFXNBI Cebu Arrests Forex Trader for Illegal Investment Solicitation
WikiFXPU Prime's "Feather Your Trades" Contest! Begin
WikiFXeToro Files for IPO with $5 Billion Valuation on NASDAQ
WikiFXIs FizmoFX a Scam? Fraud and Account Suspension of Traders
WikiFXCurrency Calculator
