Restructuring, bankruptcy, buyouts… the media is awash with various reports on the next steps Celsius may take.

Celsius Network, a cryptocurrency lending platform, has reportedly hired advisers from a management consulting firm as the company prepares to file for bankruptcy.

According to a Wall Street Journal report published on Friday, Celsius hired an unknown number of restructuring consultants from the firm Alvarez & Marsal to advise the platform on potentially declaring bankruptcy. The report came on the heels of one from June 14, which stated that Celsius had hired lawyers in an attempt to restructure the company amid financial difficulties.

Celsius has been at the forefront of media discussions about significant market volatility following the crypto lending platform’s decision to halt “all withdrawals, swaps, and transfers between accounts” on June 12. Since that announcement, CEO Alex Mashinsky and other Celsius executives have been largely silent on social media, with the platform announcing on June 19 that it would suspend discussions on “Twitter Spaces and AMAs” to focus on addressing operational issues.

Following the platform’s decision to suspend withdrawals, state authorities have focused their attention on Celsius. On June 16, Joseph Rotunda, director of the Texas State Securities Board’s enforcement division, stated that regulators in Alabama, Kentucky, New Jersey, Texas, and Washington were “looking into the issue involving the frozen accounts.”