Cryptocurrency lender Celsius Network is said to have hire new advisers to advise on options including a possible bankruptcy filing.The embattled crypto lender had hired lawyers from Kirkland & Ellis to advise on its options, replacing law firm Akin Gump Strauss Hauer & Feld LLP, according to a WSJ report.In the wake of turbulent crypto market conditions, Celsius had suspended withdrawals, swaps, and transfers in June, putting the rest of the crypto market further on edge.The latest update on Celsius Network comes after the WSJ reported in mid June that the crypto lender employed restructuring consultants from Alvarez & Marsal as well as law firm Akin Gump Strauss Hauer & Feld.At the end of last month prominent crypto-focused hedge fund Three Arrows Capital was ordered to liquidate. On Wednesday crypto lending platform Genesis disclosed its loan exposure to Three Arrows Capital.
