Bankruptcy of leading lender Celsius rocks crypto markets

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in innnewyorkcity.com

C was confirmed bankrupt, a number of clients who were promised interest rates of up to 17% now face the risk of missing out.

Cryptocurrency lending company Celsius goes bankrupt

Yesterday, July 13, Celsius filed for bankruptcy protection and said it would try to stabilize its business. Mr. Alex Mashinsky – Co-Founder and CEO of Celsius announced “This is the right decision for our community and our company.”

Not so long ago, this company unilaterally blocked all customer accounts, stopping all transactions.
C has yesterday, the 13.7.  filed for bankruptcy
Adam Levitin, a law professor at Georgetown University, said Celsius customers can’t get anything back for years, and when they get it back, their value will be much less than what it was originally.
Celsius customers cannot get anything back
Innnewyorkcity VN is aware that Celsius’ bankruptcy will directly affect 100,000 creditors, including depositors and lenders.

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Source: INN NEW YORK CITY

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