Fat Pig Signals logo

Utoday: Celsius Has $1.2 Billion Hole in Balance Sheet

Shares

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

Shares

Related Articles

Fed Rate Cut Expectations Propel Bitcoin Above $108,000

Fed Rate Cut Expectations Propel Bitcoin Above $108,000

Bitcoin has soared past $108,000, driven by expectations of a Fed rate cut. Learn how lower interest rates impact Bitcoin.

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 […]

Gemini Launches Tokenized Stocks for EU Traders: A New Era for Onchain Equities

Gemini Launches Tokenized Stocks for EU Traders: A New Era for Onchain Equities The digital asset exchange, Gemini, has taken a significant step forward in bridging the gap between traditional finance and blockchain technology. As of late June 2025, Gemini has introduced tokenized U.S. stocks for its European Union customers, starting with MicroStrategy (MSTR) on […]
PHISHING WARNING: Please make sure you’re visiting https://www.fatpigsignals.com. There has been an increasing amount of scammers and Impersonators. Please verify the handles carefully as well. Admins will never contact you selling investment products or a fund.
Official Admin Contacts: https://t.me/dad10 and https://t.me/gangplank123
+