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

Polkadot hack

“DeFi Hub of Polkadot” Suffers Major Hack

Acala, the decentralized hub of the Polkadot network, has suffered a major security breach, which promoted it to pass an urgent vote to pause operations. The project’s team is currently working on investigating and mitigating the issue. The hack was allegedly caused by a bug in the iBTC/AUSD pool. The security vulnerability allowed the attacker […]
Binance to Eliminate Fees

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 […]

What is EigenLayer? A Guide to ETH Restaking and Its Benefits

What is EigenLayer? A Guide to ETH Restaking and Its Benefits EigenLayer is a protocol that enables ETH restaking and extends Ethereum's security to other blockchain systems. It provides developers with the ability to bootstrap new networks without having to create their own communities of network validators. In this guide, we will explore what EigenLayer […]
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
+