Celsius breaks silence as it attempts to ‘stabilize liabilities,’ ‘protect assets’

admin June 30, 2022

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Celsius finally broke the silence on June 30th Blog post “It is working as quickly as possible to stabilize liquidity and operations,” he said. Behind the scenes, it claims that steps have been taken to “take significant steps to protect and protect assets and consider available options.”

In new information, Celsius revealed that he was “in pursuit of strategic transactions and debt restructuring.” The terminology used in this statement is very close to the language used in Chapter 11 Bankruptcy Filing in the United States, where Celsius is based.

rumor There are widespread suggestions that Celsius has resisted guidance from lawyers to file for bankruptcy.

The company said more information from the Celsius team would only be available “when it was appropriate” and provided no further explanation.

upon June 20, Celsius posted on the same blog: This process takes time. We also blocked the means of communication with investors by “suspending Twitter Spaces and AMA and focusing on solving these unprecedented challenges.”

Previous update was on June 15, When notifying investors that withdrawals have been suspended to “stabilize liquidity and operations”. He said all investors would continue to “get paid” while withdrawals were frozen.

In response to this statement, many investors were dissatisfied with the lack of further information.