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
Exploring the Intersection of Cryptocurrency and Coffee with Blackbird
Exploring the Intersection of Cryptocurrency and Coffee with Blackbird As the world of technology evolves, so do the communities and cultures that it touches. One of the latest innovations bridging the gap between digital currencies and everyday experiences is the intriguing blend of cryptocurrency and coffee, exemplified by ventures like Blackbird. This article delves into […]
Tether Launches Stable British Pound Sterling GBPt
Utoday: Tether announced plans to launch a stablecoin pegged to the British Pound Sterling, GBPt. Initially, the GBPt stablecoin, as always, will be available on the Ethereum blockchain. The coin will be released as early as next month, in July. After its launch, GBPt will join the Tether storefront, which already features such coins tied to such […]
PEPE Coin: Recent Multi-Sig Changes and Price Plunge
PEPE Coin: Recent Multi-Sig Changes and Price Plunge PEPE Coin, a popular meme coin in the cryptocurrency market, recently experienced a significant price plunge and controversy surrounding its multi-sig changes. In this article, we will explore the details of what happened and how it has affected the coin's value. The Multi-Sig Changes On a specific […]



