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 AAVE Buybacks and Their Potential Impact
Understanding AAVE Buybacks and Their Potential Impact The world of decentralized finance (DeFi) continues to evolve, with Aave leading innovative financial structures. An exciting development that has caught the attention of investors and enthusiasts alike is the announcement of AAVE buybacks starting on April 9th. This strategic move is aimed at enhancing the tokenomics of […]
Ethereum Developer Reveals Timeline for Final Testnet "Merge" Upgrade
In a tweet, Ethereum developer Tim Beiko shares the expected timeline for the Goerli proof-of-stake transition. Also, in a blog post shared alongside the tweet, the team notes that after numerous devnets, shadow forks and merges on deprecated testnets, Goerli and its accompanying Beacon Chain, Prater, are the only remaining testnets to undergo the "Merge." In this case, […]
Exploring the World of Crypto Staking ETFs: The Debut of Solana Staking ETF (SSK)
Introduction to Solana Staking ETF The debut of the REX-Osprey Solana Staking ETF, trading under the ticker $SSK, marked a significant milestone in the world of cryptocurrency investments. On its first day, this unique exchange-traded fund (ETF) attracted remarkable attention, ending with $33 million in trading volume and $12 million in net inflows. Trading on […]