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
Aave V3 Goes Live on Base Network: What You Need to Know
Aave V3 Goes Live on Base Network: What You Need to Know Aave, one of the leading decentralized finance (DeFi) protocols, has recently announced the deployment of its highly anticipated V3 iteration on the Base network. Base is a Layer 2 blockchain solution backed by Coinbase, providing faster and cheaper transactions while maintaining the security […]
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. […]
UK Pension Scheme Makes Historic Move With 3% Bitcoin Allocation
The world of finance has been duly captivated by the revolutionizing potential of cryptocurrencies, and in the UK, a significant development has recently shaken the traditional pension investment strategy. Cartwright, a UK-based pension advisor, has ignited waves in the investment community by steering a UK pension scheme to allocate 3% of its portfolio, estimated at […]