As we move forward through our restructuring, we participated in our third day hearing earlier today. We appreciated the opportunity to hear from many of the key stakeholders in our Chapter 11 process and engage in dialogue on several timely and important matters. We continue to focus on maximizing…

Today, alongside the Unsecured Creditors Committee (UCC), which is made up primarily of our customers, the U.S. Trustee, and a number of other important parties, we participated in the Second Day Hearing in our case, where we continued the dialogue around Celsius’ efforts to maximize value for our community. A…

1. What did Celsius announce on July 13th? Celsius initiated a financial restructuring process to provide the company with the best opportunity to stabilize the business and consummate a comprehensive restructuring transaction that maximizes value for all stakeholders. To implement the restructuring, Celsius and certain of its affiliates filed voluntary…

Moments ago, we announced that Celsius voluntarily filed petitions for Chapter 11 reorganization. You will be able to find the official announcement here. Today’s filing follows the difficult but necessary decision by Celsius last month to pause withdrawals, Swap, and transfers on its platform to stabilize its business and protect…

Across Celsius today, we are focused and working as quickly as we can to stabilize liquidity and operations, in order to be positioned to share more information with the community. We are operating with the entire community and all clients in mind as we work through these challenging times. We…

It has been one week since we paused withdrawals, Swap, and transfers. We want our community to know that our objective continues to be stabilizing our liquidity and operations. This process will take time. As has been a priority since our company’s inception, we maintain an open dialogue with regulators…

We are writing with a very important message for our community. Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, Swap, and transfers between accounts. …

Have you met our CFO, Rod Bolger, yet? We asked him a few questions to get to know him better. What were you working on before you joined the Celsius team? Prior to joining Celsius earlier this year, I spent more than 10 years at the Royal Bank of Canada…

Over the past several weeks, the entire crypto community has faced a challenging time. Behind the numbers of this sharp downturn are the stories of real people facing real hardship. Single moms, pilots, cleaners, small business owners, students, veterans and so many in between. Everywhere crypto is held, hard-working people…