
By Benjamin Godfrey
October 3rd, 2023
Celsius Network filed for Chapter 11 bankruptcy protection in April 2022, hoping to restructure its debt and find a buyer for its assets.
Startup accelerators, or as often referred to as “seed accelerators”, represent themselves fixed-term programs that include seed investment, mentorship, educational components. They usually culminate in a public pitch event or demo day to boost growth.
Celsius Network filed for Chapter 11 bankruptcy protection in April 2022, hoping to restructure its debt and find a buyer for its assets.
The US Treasury Yield has reached levels not seen since 2007 thereby denting the demand for riskier assets such as Bitcoin and altcoins.
The suit is demanding monetary damages, court costs and the remission of ill-gotten gains based on seven counts.