Crypto Lender Celsius Network Hires Restructuring Lawyers After Account Freeze

Crypto lender Celsius Network has hired restructuring attorneys from law firm Akin Gump Strauss Hauer & Feld LLP to advise on possible solutions for its mounting financial problems. Celsius is said to be seeking possible financing options from investors first, but is also exploring other strategic options, including a financial restructuring. Last week Celsius was pausing all withdrawals, swaps and transfers between accounts because of extreme market volatility.