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
Circle's USDC Launch in Brazil and Mexico: A New Era for Businesses
The world of digital currencies continues to evolve, with stablecoins becoming a critical component in the financial ecosystem. One such stablecoin, Circle's USD Coin (USDC), has taken significant steps to enhance accessibility in Latin America, specifically in Brazil and Mexico. This latest development marks a crucial milestone in the journey of stablecoins, bringing forward a […]
PwC Account Hacked to Promote XRP Scam
The official Twitter account of PricewaterhouseCoopers (PwC) Venezuela has been hacked in order to promote an XRP scam. It is advertising “a big event” with Ripple CEO Brad Garlinghouse that is supposed to take place an hour from now. Its tweet encloses a link that is supposed to bait potential victims into sending their crypto. […]
Morgan Stanley and Goldman Sachs' Significant Investments in Bitcoin ETFs
Morgan Stanley and Goldman Sachs' Significant Investments in Bitcoin ETFs In recent developments in the financial world, two leading asset managers, Morgan Stanley and Goldman Sachs, have made noteworthy disclosures concerning their investments in Bitcoin exchange-traded funds (ETFs). This move highlights a growing acceptance of Bitcoin and blockchain technology in traditional financial markets. An Overview […]



