Celsius: The client expects that the repayment of 70 million dollars may help it continue operations until the end of the year

Chain Catcher news, Celsius has hired a law firm to assist with its restructuring, and it is expected that customer repayments on dollar-denominated loans will yield approximately $70 million in cash. Celsius anticipates receiving most of the repayments by October 7, and by the end of November, its available cash balance will reach $42 million.

Celsius CFO Chris Ferraro stated at the bankruptcy hearing that the existing funds can support operations until the end of the year. Positive cash flow is expected for Celsius in early 2023. (CoinDesk)