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
The Sei Airdrop: How to Participate and Claim Free SEI Tokens
The Sei Airdrop: How to Participate and Claim Free SEI Tokens The Sei Airdrop is a highly anticipated event in the blockchain community. It offers users the opportunity to claim free SEI tokens, the native cryptocurrency of the Sei Network. In this article, we will guide you through the process of participating in the Sei […]
Understanding the SEC's Approval of Grayscale's Digital Large Cap Fund to ETF
Understanding the SEC's Approval of Grayscale's Digital Large Cap Fund to ETF The landscape of cryptocurrency investments is rapidly evolving, and a significant milestone has recently been achieved. The U.S. Securities and Exchange Commission (SEC) has approved the conversion of Grayscale's Digital Large Cap Fund into a spot exchange-traded fund (ETF). This is big news […]
Understanding Coinbase's New Bitcoin Yield Fund
Understanding Coinbase's New Bitcoin Yield Fund Coinbase, one of the leading cryptocurrency exchanges globally, is set to launch a new institutional fund titled the Coinbase Bitcoin Yield Fund. This initiative, set to begin on May 1, aims to offer institutional investors compelling opportunities to gain passive income through their Bitcoin holdings. What is the Coinbase […]



