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
How to Avail Crypto Token Airdrops: A Comprehensive Guide
As the world of cryptocurrencies continues to evolve, airdrops have become a popular way for blockchain projects to distribute tokens among their communities. One such opportunity is the Avail crypto token airdrop, where users can claim free AVAIL tokens by following specific steps. What is an Airdrop in Cryptocurrency? An airdrop is a promotional event […]
German Government Transfers $172M in Bitcoin to Multiple Locations
German Government Transfers $172M in Bitcoin to Multiple Locations In a significant move, the German government has transferred 3,000 Bitcoins (BTC) worth over $172 million to multiple locations. This strategic transfer could potentially impact the cryptocurrency market significantly. The Transfer Details According to blockchain investigators, the German government labeled wallet transferred 1,300 BTC to major […]
Ethereum Faces Selling Pressure Amid ETF Outflows
Ethereum (ETH) is experiencing increased selling pressure as major ETF outflows and rising exchange activity signal a shift in market sentiment. Explore the latest developments and their potential impact on ETH's price.