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Celsius’ crypto faithful have a plan to avoid bankruptcy
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An internal storm is brewing at crypto lender Celsius over its potential plans to file for bankruptcy, with some involved in the talks instead pushing to tap its customer base for support.
The strain at the beleaguered firm — which hired restructuring consultants from advisory firm Alvarez & Marsal to help with a possible bankruptcy filing, the Wall Street Journal reported on 24 June — comes as Celsius contends with the recent crash in digital asset values. Lawyers at Akin Gump Strauss Hauer & Feld are also reportedly advising...
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