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Celsius Network

Centralised crypto lender that offered up to ~17% APY on deposits. Filed Chapter 11 in July 2022 owing approximately $4.7 billion to retail customers. Operations wound down through bankruptcy court.

Records: 1
Cumulative losses: $4.70B

Records featuring Celsius Network

victim·July 13, 2022resolved
Celsius Network Collapse — July 2022
The largest centralised crypto lender suspended withdrawals on 12 June 2022 and filed for Chapter 11 a month later, owing approximately $4.7 billion to retail depositors.
$4.70B affected

Records featuring Celsius Network

Celsius Network Collapse — July 2022