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
Kraken's New Status in Canada: A Turning Point for Crypto
Kraken's Restricted Dealer Status in Canada: A New Era for Crypto The cryptocurrency landscape in Canada is witnessing a significant shift as Kraken, a global leader in digital asset trading, secures its status as a restricted dealer. This development is not just a milestone for Kraken but represents a pivotal moment for the wider crypto […]
Polygon Network (MATIC) TVL Surpassed by This Ethereum L2
Second-layer solutions on top of the Ethereum (ETH) network become increasingly popular in 2022; L2 majors Optimism and Arbitrum are hosting over 160 protocols combined. Optimism (OP) now exceeds Polygon (MATIC) by this crucial metric Optimism (OP), a largest rollup-based second-layer scaling solution for the Ethereum (ETH) network, has accomplished yet another milestone in terms of […]
How to Modify or Cancel a Pending Ethereum Transaction
If you deal with Ethereum frequently, you’ll be happy to know it’s possible to cancel or reverse your transactions. Read more to learn how.