Fat Pig Signals logo

Utoday: Celsius Has $1.2 Billion Hole in Balance Sheet

Shares

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

Shares

Related Articles

Exploring Rostec's Plans for a Ruble-Pegged Stablecoin on the Tron Network

In a significant development in the realm of digital currencies, Russian state-owned giant Rostec has announced plans to launch a ruble-pegged stablecoin, RUBx, on the Tron blockchain network. This move is aligned with the growing momentum in Russia towards adopting blockchain technology and digital currencies. In this article, we delve into what this development entails […]
aave listed by robinhood

AAVE Now Listed by Robinhood

According to an announcement on the Robinhood Twitter handle, DeFi token AAVE has been listed by the stock brokerage giant. A cryptocurrency listing bot indicates the listing of AAVE, which was done alongside that of Tezos (XTZ). Both coins now show up on the official Robinhood website. AAVE is the native asset of Aave, a decentralized […]

Circle's Long-Awaited IPO: What It Means for the Crypto Market

Circle's Long-Awaited IPO: What It Means for the Crypto Market Circle Internet Financial, the issuer of the USD Coin (USDC), is gearing up for a significant milestone with its initial public offering (IPO). This move, anticipated later this year, marks a crucial step for Circle as it aims to publicly list its shares. Let's delve […]
PHISHING WARNING: Please make sure you’re visiting https://www.fatpigsignals.com. There has been an increasing amount of scammers and Impersonators. Please verify the handles carefully as well. Admins will never contact you selling investment products or a fund.
Official Admin Contacts: https://t.me/dad10 and https://t.me/gangplank123
+