SMC-1007CryptoCase file
Celsius Network froze withdrawals, then went bankrupt
Celsius Network was a crypto lending platform that paid customers high "rewards" on deposits and told them their money was safe. In June 2022, as crypto prices fell, it froze all withdrawals. A month later it filed for bankruptcy, and more than 100,000 creditors claimed about…
Reported: Celsius Network
- Reported losses
- $4.7B
- People affected
- 0 affected