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
Utoday: BTC and ETH Now Accepted by Canadian Search and Rescue Organization
For more cryptocurrencies news, check out the uToday portal. The British Columbia Search and Rescue Association (BCSARA), a non-profit volunteer-based organization that provides support for the un-paid professional ground search and rescue community, has announced that it now accepts donations in Bitcoin and Ethereum, the two largest cryptocurrencies. Crypto contributions will be accepted via CanadaHelps, the largest […]
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 […]
Understanding Recent US Spot Bitcoin ETF Outflows and Their Implications
Understanding Recent US Spot Bitcoin ETF Outflows and Their Implications An Overview of Spot Bitcoin ETFs Exchange-Traded Funds (ETFs) are popular investment vehicles that track the performance of an index, commodity, or basket of assets, much like a mutual fund, but trade like a stock on an exchange. A spot Bitcoin ETF, specifically, holds actual […]