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
Complete Guide to Options Trading for Beginners
Learn the basics of options trading with this complete beginner's guide. Explore key terminology, strategies, and risk management tips for successful options trading.
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 […]
BBVA's Bold Move: Launching a Visa-Backed Stablecoin by 2025
BBVA, one of Spain's leading financial institutions, has taken a groundbreaking step into the ever-evolving fintech landscape by announcing plans to launch its own Visa-backed stablecoin by 2025. This ambitious move signifies BBVA's commitment to innovation in the digital asset space and marks its foray into the burgeoning world of stablecoins. What Is a Stablecoin? […]