Is Celsius stabilizing its liquidity?

Embattled crypto lender Celsius delivered an update on its situation, stating that its "objective continues to be stabilizing our liquidity and operations." “This process will take time,” the New Jersey-based company said in a blog post on Sunday night.

What's happened to Celsius Network?

(Bloomberg) -- Celsius Network Ltd. will need more time to stabilize its liquidity and operations, the embattled crypto lending platform said in a blog post after it froze deposits last week.

Is Celsius struggling to raise funds?

From a report: Celsius, one of the biggest crypto lenders, has been struggling to raise funds in a fragile digital-assets market hit by tightening interest rates, liquidity and the collapse of the Terra blockchain last month.

Will Celsius network restructure its liabilities?

The booth of the Celsius Network crypto platform at the Paris NFT Day conference in April 2022. This article is for subscribers only. Crypto lender Celsius Network, which halted user withdrawals more than two weeks ago amid liquidity issues, said it’s exploring options such as “strategic transactions as well as a restructuring of our liabilities.”