Utoday: Celsius Has $1.2 Billion Hole in Balance Sheet
News
Utoday: Embattled cryptocurrency lender Celsius recently filed for bankruptcy protection
Celsius CEO Alex Mashinsky has admitted that the company had a $1.2 billion hole in its balance sheet gap, according to the company’s bankruptcy documents. It was previously rumored that the huge balance sheet hole was the reason why cryptocurrency exchange FTX passed on the deal to acquire Celsius. The beleaguered crypto lending firm has $4.3 billion worth of assets and $5.5 billion worth of liabilities.
Read more on U.Today https://u.today/celsius-has-12-billion-hole-in-balance-sheet-ceo-reveals
Related Articles
Understanding MakerDAO's $1B Tokenized Treasury Investment Plan
On Thursday, MakerDAO, the protocol behind the $5 billion stablecoin DAI, announced a groundbreaking plan to invest $1 billion in tokenized U.S. Treasury offerings. This strategic maneuver marks a significant shift in the decentralized finance (DeFi) landscape, potentially giving a substantial boost to the real-world asset space. Overview of MakerDAO's Investment Strategy MakerDAO's decision to […]
AAVE Now Listed by Robinhood
According to an announcement on the Robinhood Twitter handle, DeFi token AAVE has been listed by the stock brokerage giant. A cryptocurrency listing bot indicates the listing of AAVE, which was done alongside that of Tezos (XTZ). Both coins now show up on the official Robinhood website. AAVE is the native asset of Aave, a decentralized […]
Morgan Stanley to Expand Its E*Trade Platform with Cryptocurrency Trading
Morgan Stanley to Expand Its E*Trade Platform with Cryptocurrency Trading In a significant move within the banking industry, Morgan Stanley is reportedly planning to offer cryptocurrency trading to clients on its E*Trade platform. This initiative is set to make Morgan Stanley one of the few major banks to provide retail investors with direct access to […]