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
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.
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 […]
Circle's USDC Launch in Brazil and Mexico: A New Era for Businesses
The world of digital currencies continues to evolve, with stablecoins becoming a critical component in the financial ecosystem. One such stablecoin, Circle's USD Coin (USDC), has taken significant steps to enhance accessibility in Latin America, specifically in Brazil and Mexico. This latest development marks a crucial milestone in the journey of stablecoins, bringing forward a […]