💥Celsius, Brr💥
Another large crypto company collapses into Chapter 11
“This is not a liquidation…all is not lost…our intent is for this to be a reorganization.” — Patrick Nash, Partner at Kirkland & Ellis LLP representing the debtors.
On July 13, 2022, Celsius Network LLC and seven affiliates filed voluntary chapter 11 petitions in the Southern District of New York (Judge Glenn) — merely on…