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
BBVA's Bold Move: Launching a Visa-Backed Stablecoin by 2025
BBVA, one of Spain's leading financial institutions, has taken a groundbreaking step into the ever-evolving fintech landscape by announcing plans to launch its own Visa-backed stablecoin by 2025. This ambitious move signifies BBVA's commitment to innovation in the digital asset space and marks its foray into the burgeoning world of stablecoins. What Is a Stablecoin? […]
Judge Dismisses Consensys Lawsuit Against SEC Regarding MetaMask and Ethereum Claims
A recent legal battle involving Consensys, a prominent blockchain and web3 development company, and the U.S. Securities and Exchange Commission (SEC) has reached a critical juncture. A federal judge in Texas dismissed Consensys' lawsuit against the SEC, which had contested the agency's classification of Ethereum (ETH) as a security and its focus on Consensys’ MetaMask […]
How Traders Can Call Options to Increase Their Bitcoin Holdings
Expert and professional traders use covered call options as a method of low-risk to enhance their Bitcoin holdings. Let us take a look at how they do it in detail.