About our Celsius Network news
Latest news on Celsius Network, a decentralized financial platform that allows cryptocurrency holders to earn interest on their assets or to take out cash loans. The platform is based on the idea of peer-to-peer lending, which means that borrowers and lenders are connected directly with each other.
In June 2022, the company indefinitely paused all customer withdrawals citing 'extreme market conditions'. On 13 July 2022, Celsius filed for Chapter 11 bankruptcy.