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‘Consumer Business Is Dead’ for Crypto Lender Celsius, Bankruptcy Expert Says

Thomas Braziel, a partner at 507 Capital, also told CoinDesk TV’s “First Mover” customers may get back only 50 to 60 cents on the dollar.

"The consumer business is dead,” 507 Capital founder Thomas Braziel said about bankrupt cryptocurrency lender Celsius Network on CoinDesk TV's "First Mover" show. (Wilhelm Gunkel via Unsplash)
"The consumer business is dead,” 507 Capital founder Thomas Braziel said about bankrupt cryptocurrency lender Celsius Network on CoinDesk TV's "First Mover" show. (Wilhelm Gunkel via Unsplash)