Celsius reportedly seeks advice from lawyers on restructuring

Cointelegraph

Published Jun 15, 2022 06:42AM ET

Updated Jun 15, 2022 08:40PM ET

Crypto lending platform Celsius Network (CEL) has onboarded restructuring lawyers from Akin Gump Strauss Hauer & Feld to find potential solutions to the firm's financial woes.

The firm is reportedly looking for other strategic alternatives, such as a financial restructuring, apart from its attempts to solve its current problems. The report also noted that Celsius is trying to find investors who would be able to provide financing options for the crypto lending company.

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