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
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 […]
PEPE Coin: Recent Multi-Sig Changes and Price Plunge
PEPE Coin: Recent Multi-Sig Changes and Price Plunge PEPE Coin, a popular meme coin in the cryptocurrency market, recently experienced a significant price plunge and controversy surrounding its multi-sig changes. In this article, we will explore the details of what happened and how it has affected the coin's value. The Multi-Sig Changes On a specific […]
South Korea's National Pension Fund's Bold Move into MicroStrategy: A $33.7 Million Investment
Overview of South Korea's National Pension Fund Investment In the second quarter of 2024, South Korea's National Pension Fund made a noteworthy investment by purchasing $33.7 million worth of MicroStrategy shares. This strategic move underscores the fund's increasing interest in diversifying its portfolio through indirect exposure to Bitcoin. MicroStrategy, led by Michael Saylor, has positioned […]