Court filings reveal Celsius will run out of money by October

Cointelegraph

Published Aug 16, 2022 06:07AM ET

Updated Aug 16, 2022 07:40AM ET

Embattled crypto lender Celsius Network is on track to run out of money by October, according to the firm’s latest Chapter 11 documents.

Filed on Aug. 14 to the U.S. Bankruptcy Court of the Southern District of New York, Celsius highlighted that it is expected to reach negative liquidity by October 2022 to approximately $34 million.

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