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
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 […]
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 […]
Binance to Eliminate Fees for Bitcoin Spot Trading
Utoday: Binance has moved to remove fees for slew of Bitcoin spot trading pairs Binance, the world's largest cryptocurrency exchange by reported trading volumes, has removed fees for a wide range of Bitcoin spot pairs on the occasion of its fifth anniversary, according to an announcement posted this Wednesday. Users will be able to trade Bitcoin against […]