Crypto Lender Celsius Receives Multiple Financing Offers Amid Bankruptcy

Crypto lender Celsius Network announced that it has received several cash-injection offers as it tries to stay afloat during the bankruptcy process. The company had revealed on Monday that it was low on cash. Additionally, a judge has given Celsius approval to sell the bitcoin it mines to provide additional support during the process. Celsius Reveals Cash-Injection OffersQ2 2022 hedge fund letters, conferences and more Sussberg added that it was “mission critical” for them to move quickly on those proposals. It’s common for companies going through a bankruptcy restructuring to secure financing…