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Celsius Is Running Out of Options to Stay Solvent, Kaiko Says

  • Decision to freeze withdrawals helped spur crypto-market crash
  • Firm may not regain trust of crypto buyers even if it survives

Crypto lending platform Celsius Network may have limited options in its efforts to stay solvent after its decision to freeze withdrawals helped set off one of the biggest digital token meltdowns in years.

So says crypto research firm Kaiko, which pointed to a combination of “poor risk management, bearish market conditions, and a derivative of Ethereum” known as stETH as the reasons Celsius now finds itself in a “Lehman-esque” position.