Following Insolvency Fears, Celsius Network Taps Citigroup To Guide Financial Options

Troubled Celsius Network has hired US banking giant Citigroup to advise it on possible solutions aimed to bail out its business, three days after the major crypto lending firm appeared to witness bankruptcy concerns.

Fresh reports show that Celsius has appointed Citigroup in an advisory capacity – Citi is not expected to offer financial kickback for the crypto lender to boost its balance sheet.
People familiar with sources disclosed that Citi is offering advice to Celsius on possible financing options.
This is not the first time when the two firms have come together. Citi and Celsius have had a close relationship …

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