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.

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 […]

Tether's USD₮ Becomes Accepted Virtual Asset in the Abu Dhabi Global Market

Understanding USD₮’s Newfound Status in Abu Dhabi Global Market In an exciting development for the cryptocurrency space, Tether’s USD₮ has been acknowledged as an Accepted Virtual Asset (AVA) by the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM). This acceptance marks a significant step forward for USD₮, enabling it to be […]
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
+