Celsius Collapse Drag Investors Down
Celsius Collapse Drags Investors Down

Celsius bleeds from $25 billion to $167 million. According to the bankruptcy filings, Celsius will pay its users around $4.7 billion. The firm has a $1.2 billion deficit on its balance sheet. In this week’s reports, bankruptcy filings of Celsius have surprised no one. The digital lender has been in hot water for some time. CNBC has tweeted that the major cryptocurrency has collapsed and has dragged many investors down with it. Celsius, once a high-flying digital lender, has filed for Chapter 11 bankruptcy protection. The company had $25 billion in assets just last year, but according to the filings,