Celsius Hires Restructuring Attorneys

Celsius announced early Monday it would pause withdrawals along with its swap and transfer products, citing “extreme market conditions.”

Crypto lending firm Celsius has hired lawyers specializing in business restructuring to help it navigate its thorny financial situation, The Wall Street Journal reported Wednesday, citing people familiar with the matter. Lawyers from the Philadelphia-based Akin Gump Strauss Hauer & Feld LLP are working with Celsius, which at its peak held over $10 billion in client assets, the report said.

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