Crypto lender Celsius Network LLC has hired restructuring attorneys from law firm Akin Gump Strauss Hauer & Feld LLP to advise on possible solutions for its mounting financial problems, according to people familiar with the matter. On Sunday, Celsius told users that it was pausing all withdrawals, swaps and transfers between accounts because of extreme market volatility.

Source: Wall Street Journal June 15, 2022 08:36 UTC