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

How to Trade Crypto on Lower Time Frames

Learn how to trade crypto on lower time frames effectively! Discover strategies for M1, M5, and M15 charts, including range trading, breakout techniques, and momentum strategies. Gain insights into risk management, tools, and the importance of timing in this fast-paced trading environment.
Japan Nft

Japan Reveals Plans to Accelerate NFT, Metaverse Investments

The Prime Minister of Japan, Fumio Kishida, has reiterated his government's plans to invest in Web 3.0 technology. In his "State of the Union" address this week before Japan's National Diet, Kishida stated that expanding the use of Web 3.0 services that utilize metaverse and non-fungible token (NFT) innovations is part of the government's digital transformation plans. […]

Exploring Tether's Strategic Investment in Fizen for Enhanced Global Stablecoin Adoption

Tether's Strategic Investment in Fizen: A Leap Towards Enhanced Global Stablecoin Adoption In a significant move to revolutionize global stablecoin payments and broaden cryptocurrency accessibility, Tether, the issuer of the widely-used stablecoin USDT, has taken a strategic step by investing in Fizen Limited. This investment aims to bolster the adoption of stablecoins and enhance self-custody […]
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
+