Celsius crypto lender charges more than $3M in legal fees
Join Our Telegram channel to stay up to date on breaking news coverage Bankrupt crypto lending company, Celsius, has been charged over $3 million in legal fees. The fees have been incurred as the lending company undergoes Chapter 11 bankruptcy proceedings . Celsius incurs over $3M in legal fees The bankrupt cryptocurrency lending company has hired several law firms to assist it with the ongoing bankruptcy case. One of these firms is Kirkland and Ellis. Between July 13 and July 31, the law firm charged Celsius nearly $2.6 million in legal fees for representing it in the bankruptcy case. A document filed last week also shows that Celsius hired Akin Group legal representatives that charged the lender nearly $750,000 between July 13 and August 31. The two legal representatives have charged Celsius more than $3 million. Celsius financial woes Celsius filed for bankruptcy a month after the company halted withdrawals and transfers. Celsius said it was halting withdrawal and transf...