Crypto lending platform Celsius has reportedly swapped out its law firm for restructuring advice, opting to go for Kirkland & Ellis LLP — the same firm that worked with Voyager Digital on its Chapter 11 bankruptcy filing last week.
itself as an international law firm that serves clients in private equity, M&A, and other corporate transactions, having been founded in 1909.bankruptcy proceedings
, which it filed in the Southern District Court of New York on July 5, days after pausing trading, withdrawals, and deposits on liquidity issues. Despite ongoing concerns that the crypto lender may follow a similar path, Celsius has continued to wind down its debts to decentralized finance lending protocols, having just paid off 20 million in USD Coin to Aave.
The latest loan repayment was picked up by blockchain analytics firm Peckshield on Sunday, July 10, sharing a screenshot of the 20 million USDC transfer from a Celsius wallet to Aave Protocol V2.
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