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
PEPE Coin: Recent Multi-Sig Changes and Price Plunge
PEPE Coin: Recent Multi-Sig Changes and Price Plunge PEPE Coin, a popular meme coin in the cryptocurrency market, recently experienced a significant price plunge and controversy surrounding its multi-sig changes. In this article, we will explore the details of what happened and how it has affected the coin's value. The Multi-Sig Changes On a specific […]
Understanding Grayscale's Launch of Aave Trust: A Deep Dive into DeFi Innovations
Understanding Grayscale's Launch of Aave Trust: A Deep Dive into DeFi Innovations The financial landscape is continually evolving, with cryptocurrency at the helm of modern innovation. The recent introduction of the Grayscale Aave Trust marks another stride in the realm of decentralized finance (DeFi), attracting attention from investors and industry observers alike. But what does […]
Gemini Launches Tokenized Stocks for EU Traders: A New Era for Onchain Equities
Gemini Launches Tokenized Stocks for EU Traders: A New Era for Onchain Equities The digital asset exchange, Gemini, has taken a significant step forward in bridging the gap between traditional finance and blockchain technology. As of late June 2025, Gemini has introduced tokenized U.S. stocks for its European Union customers, starting with MicroStrategy (MSTR) on […]