Celsius, a crypto lending platform that offered interest-earning accounts and loans, filed for bankruptcy in July 2022 after halting withdrawals amid extreme markets condition

Event date

July 1, 2022

Quotes that support claims

Celsius declared bankruptcy in July 2022, a few weeks after freezing withdrawals on its platform, citing “extreme market conditions.”

Celsius operated as a crypto lender that allowed customers to earn interest and take out loans. The firm filed for bankruptcy in 2022 and was later wound up in 2024

Tags

Week 27 of 2022