{"id":82039,"date":"2022-07-14T00:46:13","date_gmt":"2022-07-14T04:46:13","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=82039"},"modified":"2022-07-14T00:22:23","modified_gmt":"2022-07-14T04:22:23","slug":"embattled-crypto-lender-celsius-files-for-bankruptcy-protection","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2022\/embattled-crypto-lender-celsius-files-for-bankruptcy-protection.html","title":{"rendered":"Embattled crypto lender Celsius files for bankruptcy protection"},"content":{"rendered":"\n<p>(CNBC) Crypto company Celsius has started the process of <a rel=\"noreferrer noopener\" href=\"https:\/\/www.businesswire.com\/news\/home\/20220713005911\/en\/Celsius-Network-Initiates-Financial-Restructuring-to-Stabilize-Business-and-Maximize-Value-for-All-Stakeholders\" target=\"_blank\">filing<\/a> for Chapter 11 bankruptcy protection after a month of turmoil. In a Wednesday statement, Celsius said it would look to stabilize its business by restructuring in a way \u201cthat maximizes value for all stakeholders.\u201d Celsius said it has $167 million in cash on hand to support operations in the meantime.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/07\/13\/embattled-crypto-lender-celsius-informs-state-regulators-that-its-filing-for-bankruptcy-imminently-source-says-.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Crypto company Celsius has started the process of filing for Chapter 11 bankruptcy protection after a month of turmoil. In a Wednesday statement, Celsius said it would look to stabilize its business by restructuring in a way \u201cthat maximizes [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-82039","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=82039"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82039\/revisions"}],"predecessor-version":[{"id":82040,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82039\/revisions\/82040"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=82039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=82039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=82039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}