Posted on August 03, 2022
Cryptocurrency platform Celsius has laid off 150 employees, including in Israel, Calcalist has learned. The crypto lender announced on June 13 that it was pausing withdrawals citing "extreme market conditions," raising concerns about its solvency. The American-Israeli company has since hired restructuring consultants and lawyers to make organizational changes to the company amid its financial issues.
“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,” Celsius wrote on its blog on Friday. “We are operating with the entire community and all clients in mind as we work through these challenging times
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