Who is Celsius Network LLC?

Celsius Network LLC is a bankrupt cryptocurrency lending company. Headquartered in Hoboken, New Jersey, Celsius maintained offices in four countries and operated globally.

How does Celsius work?

Headquartered in Hoboken, New Jersey, Celsius maintained offices in four countries and operated globally. Users could deposit a range of cryptocurrency digital assets, including Bitcoin and Ethereum, into a Celsius wallet to earn a percentage yield, and could take out loans by pledging their cryptocurrencies as security.

How much money does Celsius owe users?

"Celsius Owes Users More Than $4.7 Billion". Wall Street Journal. Retrieved July 15, 2022. ^ Capoot, Ashley; Rooney, Kate; Tortorelli, Paige (September 27, 2022). "Celsius CEO resigns in the middle of bankruptcy proceedings". CNBC. Retrieved September 27, 2022. ^ Shugerman, Emily (July 22, 2022).

What happened to Celsius?

On April 16, 2021, Celsius confirmed that a security breach had occurred in its systems; a third-party server with customer data had been compromised, resulting in a portion of the company's customer list being exfiltrated and a phishing email being sent to Celsius customers.