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Celsius brings in new lawyers who are ‘more receptive’ to plans to avoid bankruptcy

The crypto lender had clashed with previous advisers over how to navigate financial difficulties

Celsius was forced to freeze withdrawals from its platform during a plunge in cryptocurrency prices, leaving customers unable to access their accounts
Celsius was forced to freeze withdrawals from its platform during a plunge in cryptocurrency prices, leaving customers unable to access their accounts Photo: Rafael Henrique/Alamy

Celsius has replaced its legal advisers after clashing with them over how to navigate the financial turmoil brought on by the recent crypto crash.

The embattled crypto lender hired new counsel from Kirkland & Ellis to advise on a possible restructuring after tensions emerged with former lawyers Akin Gump Strauss Hauer & Feld, according to a person familiar with the matter.

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