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
What is Base Chain? A Beginner's Guide to Coinbase's L2 Network
What is Base Chain? A Beginner's Guide to Coinbase's L2 Network Base Chain is Coinbase's Layer 2 (L2) network built on Ethereum. It aims to provide a secure, low-cost, and developer-friendly environment for building decentralized applications (dApps) on-chain. In this beginner's guide, we'll explore the features, benefits, and how Base Chain differs from other Layer […]
Changpeng Zhao's Release from Custody: What Lies Ahead for the Binance Founder?
Changpeng Zhao's Release from Custody: What Lies Ahead for the Binance Founder? Changpeng Zhao, commonly known as "CZ," the founder of Binance, recently walked out of a California prison as a free man. This release marks a significant moment for the crypto industry, long fascinated by Zhao's monumental successes and subsequent legal challenges. While his […]
How Traders Can Call Options to Increase Their Bitcoin Holdings
Expert and professional traders use covered call options as a method of low-risk to enhance their Bitcoin holdings. Let us take a look at how they do it in detail.