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
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 […]
Complete Guide to Options Trading for Beginners
Learn the basics of options trading with this complete beginner's guide. Explore key terminology, strategies, and risk management tips for successful options trading.
Almost $6 B Lost by Cryptocurrency Investment Funds Like 3AC, Celsius and Others
Cryptocurrency investment funds lost almost $6 billion worth of Bitcoin following the massive liquidation series on the cryptocurrency market back in the May-June period. The biggest loser on the market is, as expected, the Luna Foundation Guard. The largest portion of the coins that were lost is tied to the series of large liquidations that appeared […]