Cryoto Currency

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

The financial unrest caused by the default of Celsius Network on Core Scientific payments has been caused by the inability to pay

The legal journey of crypto lender Celsius Network has taken a new chapter.BTCAccording to court papers filed on October 19, Core Scientific claimed that the company had refused to pay its bills following filing for Chapter 11 bankruptcy.

Core Scientific is one of the largest publicly traded cryptocurrency companies. Claim The default on payments is threatening its financial security, already harmed by High energy prices and crypto winter.