The US company said it has $167 million in cash, which will allow it to support certain operations during the restructuring process.
Celsius is not seeking permission to allow customer withdrawals at this time, the company said in a statement, adding that it has filed a series of customary court motions to allow it to continue operations in the course normal of things.
Cryptocurrency lending has plummeted in recent months following the crash in cryptocurrency prices and the collapse of the major TerraUSD tokens in May.
Celsius had paused withdrawals and transfers between accounts last month, blaming extreme market conditions. Securities regulators in the states of New Jersey, Texas and Washington had stepped in to investigate the decision of the cryptocurrency creditor.