XRPAuthority
Lender insolvency

Celsius freezes withdrawals and files for bankruptcy

Celsius halted customer withdrawals, transfers, and swaps on June 12 and filed for Chapter 11 bankruptcy on July 13.

Verified UTC window
June 12, 2022–July 13, 2022
Direction recorded
negative
Contagion scope
crypto-market
Affected assets
XRP · BTC · ETH · TOTAL-CRYPTO

Context before attribution.

This event affected multiple digital assets or market participants and is necessary context before attributing an XRP move to XRP-specific news.

Measure the window; do not invent a cause.

XRP observations are compared with the total digital-asset market over the same completed UTC dates. The comparison describes relative performance; it does not establish a single cause.

−20 / +20 DAYS · COMPLETED UTC

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Entities and related research

Original source

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