CoinGape
2022-07-15 04:20:33

Here’s How Celsius Operated As a ‘Shadow Bank’, Will It Ever Return Money to Depositors?

On Wednesday, July 13, crypto lender Celsius filed for Chapter 11 bankruptcy claiming that the company will proceed with reorganization and protect its customers’ interests. However, some dark details regarding Celsius operations have emerged from the documents that it submitted. As per the document, the company has around $4.3 billion in assets and liabilities worth The post Here’s How Celsius Operated As a ‘Shadow Bank’, Will It Ever Return Money to Depositors? appeared first on CoinGape.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.