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
English High Court Recognizes Tether's USDT as Property: A Landmark Decision
English High Court Recognizes Tether's USDT as Property: A Landmark Decision The legal landscape of digital assets took a significant step forward as the High Court of Justice in England and Wales ruled that Tether’s USDT stablecoin qualifies as property. This ruling is pivotal, not only affirming USDT’s status under English law but also impacting […]
Bollinger Bands: How to Easily Spot Trading Opportunities
Learn the power of Bollinger Bands to spot trading opportunities with confidence. Learn how to read volatility, momentum, and market psychology for smarter trades.
Understanding BlackRock's Massive BTC Inflows and Their Impact
Understanding BlackRock's Massive BTC Inflows and Their Impact Bitcoin’s relationship with institutional investors has marked one of the most transformative trends in the financial world over recent years. Among the front-runners of this institutional wave is the investment giant BlackRock, which recently recorded a significant milestone with its spot Bitcoin Exchange Traded Fund (ETF), known […]