Cryoto Currency

Cointelegraph: Celsius Network defaults on Core Scientific payments, causing financial turmoil

Financial unrest ensues when Celsius Network defaults in payments to Core Scientific

The legal journey of crypto lender Celsius Network has taken a new chapter.BTCAccording to court papers filed Oct. 19, Core Scientific, a miner of ) accused the company with refusing to pay its bills after it filed for Chapter 11 bankruptcy.

Core Scientific, one of the most prominent publicly traded crypto companies, is here Claim Its financial stability is already at risk due to the default on its payments High energy prices and crypto winter.