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
Gemini Launches Tokenized Stocks for EU Traders: A New Era for Onchain Equities
Gemini Launches Tokenized Stocks for EU Traders: A New Era for Onchain Equities The digital asset exchange, Gemini, has taken a significant step forward in bridging the gap between traditional finance and blockchain technology. As of late June 2025, Gemini has introduced tokenized U.S. stocks for its European Union customers, starting with MicroStrategy (MSTR) on […]
German Government Transfers $172M in Bitcoin to Multiple Locations
German Government Transfers $172M in Bitcoin to Multiple Locations In a significant move, the German government has transferred 3,000 Bitcoins (BTC) worth over $172 million to multiple locations. This strategic transfer could potentially impact the cryptocurrency market significantly. The Transfer Details According to blockchain investigators, the German government labeled wallet transferred 1,300 BTC to major […]
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 […]