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Coinpedia
2022-07-13 05:58:00

Celsius Network is ‘Deeply Insolvent’: Reports

Celsius Network is ‘Deeply Insolvent’: Reports

The post Celsius Network is ‘Deeply Insolvent’: Reports appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide The Department of Financial Regulation (DFR) of the American state of Vermont said that cryptocurrency lender Celsius Network is “deeply insolvent,” stating that the lender lacks the resources and liquidity to fulfill its duties to account holders and other creditors. As part of its most recent debt restructuring strategy, the lender said earlier on Tuesday …

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