Report: Celsius Hires Citigroup to Help the Startup Find ‘Potential Financing’

Report: Celsius Hires Citigroup to Help the Startup Find ‘Potential Financing’


According to “two people familiar with the matter,” the cryptocurrency lending company Celsius is working with the financial giant Citigroup in order to get advice on how to handle the firm’s financial hardship. The sources note that Citigroup was hired by Celsius to help the company find “potential financing.”

Sources Say Celsius Is Looking for Help From Citigroup

Three days ago, Bitcoin.com News reported on the crypto lending company Celsius halting withdrawals and the speculation and rumors that surrounded the firm. Speculators believe the startup may be insolvent as the company has been very quiet about what’s going on.

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On June 15, after a few days of silence, Alex Mashinsky, the CEO of Celsius, tweeted about the situation. “[The Celsius] team is working non-stop. We’re

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