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CoinGape
2022-07-14 05:42:20

Celsius’ CEL Token Tanks 50% as Company Files for Chapter 11 Bankruptcy

Celsius’ CEL Token Tanks 50% as Company Files for Chapter 11 Bankruptcy

After persistent efforts to repay its loans, beleaguered crypto lender Celsius Networks decided to file for Chapter 11 bankruptcy on Wednesday, July 13. Following the news, CEL, the native cryptocurrency of Celsius Networks dropped 50% from its intraday high of 95 cents all the way to 45 cents. As of press time, the CEL token The post Celsius’ CEL Token Tanks 50% as Company Files for Chapter 11 Bankruptcy appeared first on CoinGape.

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