Celsius vloži zahtevo za stečaj in postane zadnji kripto velikan, ki je padel na noge

One of the world’s largest cryptocurrency lenders Celsius Network has filed for bankruptcy, making the platform the latest victim of the recent bear market and adding another name to the growing list of crypto giants that have been brought to their feet.

Celzija izdal a Izjava on Wednesday confirming that it had filed for bankruptcy protection, shattering the dreams of those invested and sending ripples of unease throughout the industry.

According to the statement, Celsius had initiated “voluntary Chapter 11 proceedings to provide the Company with the opportunity to stabilise its business and consummate a comprehensive restructuring transaction that maximizes value for all stakeholders”. In the same statement, Celsius noted that it will continue to operate during the restructuring period using its remaining $167 million in cash. 

Alex Mashinsky, Co-Founder & CEO, Celsius noted:

»To je prava odločitev za našo skupnost in podjetje. Imamo močno in izkušeno ekipo, ki Celsius vodi skozi ta proces. Prepričan sem, da bomo, ko se bomo ozrli nazaj na zgodovino Celsiusa, to videli kot odločilni trenutek, ko je odločno in samozavestno delovanje služilo skupnosti in okrepilo prihodnost podjetja.«

Only last year, the company was vrednoti at $3.25 billion, but now the cryptocurrency giant joins the ranks of  Terra Luna, Voyager Digital, and Three Arrows Capital to be lined up for liquidation. Meanwhile, Digital asset exchange CoinFlex has also halted withdrawals. 

With the last few months of the crypto winter being characterised by the fall and collapse of several major crypto platforms and hedge funds, the industry is now experiencing the fallout from these, resulting in fragile investor confidence and greater scrutiny from regulators. 

Celzija ustavil all withdrawals and transfers last month amid extreme market conditions, citing “necessary action” in order to “stabilize liquidity and operations while we take steps to preserve and protect assets”. The latest update from Celsius puts a definitive end to the hopes that many investors may have reserved. 

The question that remains is how the broader impact of this will affect other players within the space, both from a regulatory perspective and the general sentiment of the crypto community.