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The Guardian - AU

Technology

Alex Hern

Celsius Network: cryptocurrency lender files for bankruptcy

Celsius Celsius Network Crypto Cryptocurrency United States

Celsius had already frozen withdrawals before it confirmed its bankruptcy. Photograph: Avishek Das/SOPA Images/REX/Shutterstock

The cryptocurrency lender Celsius Network has announced it has filed for bankruptcy.

Crypto lending has tumbled in the recent months following a crash in cryptocurrency prices and the collapse of major token TerraUSD in May.

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One subscription that gives you access to news from hundreds of sites

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Isaias becomes the first hurricane of the Atlantic season as it surges towards US Gulf Coast

Isaias has strengthened into the first hurricane of the Atlantic season

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