Celcius, a cryto lender, has filed for chapter 11 bankruptcy.
Celcius is the latest casualty of a $2 trillion dollar crash that has wiped out most industry stakeholders.
The company had amassed $20 billion in assets by offering interest rates as high as 18% to depositors.
They halted all withdrawals in June amid a panic run by clients.
Celcius’s troubles follows a series of bankruptcies in the digital assets space in the past weeks.
source: bloombergbusiness
