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 the SEC's Approval of Grayscale's Digital Large Cap Fund to ETF
Understanding the SEC's Approval of Grayscale's Digital Large Cap Fund to ETF The landscape of cryptocurrency investments is rapidly evolving, and a significant milestone has recently been achieved. The U.S. Securities and Exchange Commission (SEC) has approved the conversion of Grayscale's Digital Large Cap Fund into a spot exchange-traded fund (ETF). This is big news […]
Morgan Stanley to Expand Its E*Trade Platform with Cryptocurrency Trading
Morgan Stanley to Expand Its E*Trade Platform with Cryptocurrency Trading In a significant move within the banking industry, Morgan Stanley is reportedly planning to offer cryptocurrency trading to clients on its E*Trade platform. This initiative is set to make Morgan Stanley one of the few major banks to provide retail investors with direct access to […]
Understanding the Impact of the GENIUS Stablecoin Bill on Tether and U.S. Crypto Regulation
In the rapidly evolving world of cryptocurrency, regulatory frameworks are crucial for maintaining stability and trust in digital financial systems. Among the most recent developments is the proposed United States legislation aimed at bringing stablecoins, like Tether, under stringent U.S. jurisdiction regardless of their country of registration. This proposal, part of the "GENIUS Stablecoin Act," […]



