Embattled crypto lender Celsius files for bankruptcy protection

Crypto company Celsius has started the process of filing for Chapter 11 bankruptcy protection.
Earlier, CNBC reported the company’s lawyers were notifying individual U.S. state regulators of those plans, according to a source, who asked not to be named because the proceedings were private.
Celsius made headlines a month ago after freezing customer accounts, blaming “extreme market conditions” and joins a list of other high-profile crypto bankruptcies.