It Finally Happened: Celsius Is Bankrupt and Customers Will Never See Their Money Again
The embattled crypto firm filed for Chapter 11 protection
Celsius is in hot water again.
This time, the crypto firm filed for bankruptcy in the US. Under Chapter 11 to protect its business. But unfortunately, it’s too late.
The damage has already been done.
Over the last several weeks, Celsius has been caught red-handed in a barrage of lies and mismanagement. And during the meltdown, the crypto firm was mostly silent.
Now, its customers are the ones who will suffer the most.
Celsius Files For Bankruptcy
On July 14, Celsius sent its bankruptcy announcement via email to its nearly 2 million customers.
“Moments ago, we announced that Celsius voluntarily filed petitions for Chapter 11 reorganization. You will be able to find the official announcement here.”
Celsius calls it “Chapter 11 reorganization.” But the truth is the company went belly up and is now bankrupt.
