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.

Why is Celsius struggling to raise funds?

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 sell $18 million in stablecoin?

The decision will allow Celsius to sell $18 million in stablecoin to pay its bills to stay longer in Chapter 11 bankruptcy. The lenders's executives previously told the court that otherwise, it will run out of money by March.