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Purpose for Celsius Bankruptcy Proceedings Is to ‘Stabilize the Business,’ Restructuring Expert Says

As Celsius Network's bankruptcy proceedings begin, Ropes & Gray LLP Associate Daniel Gwen discusses his take on the troubled crypto lender's current situation and restructuring plan. "The whole purpose of today's hearing and the next 30 days is really to stabilize the business," Gwen said. He added, "A lot of ... details will be uncovered over the next few months."