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
Exploring Fidelity's New Crypto IRA: A Tax-Advantaged Investment Opportunity
Exploring Fidelity's New Crypto IRA: A Tax-Advantaged Investment Opportunity In a bold move to meet the growing demand for cryptocurrency investment opportunities, Fidelity Investments has launched a new Individual Retirement Account (IRA) that allows investors to directly invest in cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). As digital currencies continue to gain […]
An Introduction to Flow Blockchain: The Future of Web3 and Digital Assets
An Introduction to Flow Blockchain: The Future of Web3 and Digital Assets The digital landscape is continuously evolving, with new technologies emerging to transform how consumers and businesses interact online. One such transformative technology is Flow blockchain, a platform specifically designed to support consumer applications and the digital assets that power them. Here, we delve […]
Crypto and Sustainability: truth or lie?
By now, everyone acknowledges that the future of stocks is on the digital currency market. But nowadays one of the world's biggest concerns is following a more sustainable path that will lead us into a greener future. Is it possible for the pair crypto and sustainability follow along? For cryptos to actually be sustainable they […]



