Key facts:
The event occurs in the midst of a critical situation for the loan and investment company.
Since June 13, Celsius does not allow its customers to make withdrawals or transfers.
Celsius, a bitcoin (BTC) and cryptocurrency lending and investment platform, recently laid off 150 employees.
The fact constitutes a reduction of 25% of the company’s staff and was first made known by a israeli news portala country in which Celsius has offices.
The last statement published by the company was last Friday, July 1. There, Celsius said that, in these “difficult times” are working to “preserve and protect assets and explore available options”. It is possible that the reduction of operating expenses that the reduction of personnel implies is part of the measures implemented.
Let us remember that, in the midst of a liquidity crisis, Celsius prevents its clients from withdrawing or transferring cryptocurrencies from their accounts since the 13th June, as CriptoNoticias reported at the time.
Although Celsius reduced its stable staff, it was learned that, weeks ago, hired consultants specialized in legal and accounting matters. The law firms Akin Gump Strauss Hauer & Feld LLP and the finance company City Group work together with Celsius in the search for solutions.
Celsius is not the only company that has laid off employees. In the midst of the bear market for bitcoin and cryptocurrencies (and also affecting other fintechs), BitPanda, Coinbase, BuenBit and Bitso, among many other companies, had to do without the services of part of their staff.