Cryptocurrency lender with Tampa office files for bankruptcy

Celsius Network, amid a plunge in the value of bitcoin and ethereum, froze withdrawals and transfers in June.

  • By Brian Hartz
  • | 10:26 a.m. July 15, 2022
  • | 0 Free Articles Remaining!
Crypto trading firm Celsius Network, which has an office in Tampa, has declared bankruptcy. (Photo courtesy of Kanchanara via Unsplash.com)
Crypto trading firm Celsius Network, which has an office in Tampa, has declared bankruptcy. (Photo courtesy of Kanchanara via Unsplash.com)
  • Tampa Bay-Lakeland
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Celsius Network, a New Jersey-based cryptocurrency lending platform that opened an office in Tampa last autumn, has filed for  Chapter 11 bankruptcy, with its board of directors calling the move “a difficult but necessary decision,” according to a news release.

 

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