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Pharos Tops List of Creditors to Crypto Lender Celsius: Chart

July 14, 2022, 8:05 AM

Crypto lender Celsius Network filed for Chapter 11 bankruptcy protection in New York on Wednesday, saying it has more than 100,000 creditors. But some stand out for their exposure, led by Cayman Islands-based Pharos USD Fund SP, which is owed $81.1 million. Among other notable creditors named in the filing is Alameda Research, the trading firm co-founded by crypto billionaire Sam Bankman-Fried.

To contact the reporter on this story:
Tanzeel Akhtar in London at takhtar6@bloomberg.net

To contact the editors responsible for this story:
stacy-marie ishmael at sishmael@bloomberg.net

Philip Lagerkranser

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