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
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 […]
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 […]
English High Court Recognizes Tether's USDT as Property: A Landmark Decision
English High Court Recognizes Tether's USDT as Property: A Landmark Decision The legal landscape of digital assets took a significant step forward as the High Court of Justice in England and Wales ruled that Tether’s USDT stablecoin qualifies as property. This ruling is pivotal, not only affirming USDT’s status under English law but also impacting […]


