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
Utoday: Winklevoss Twins' Exchange Sued by U.S. Commodities Regulator
The Commodity Futures Trading Commission (CFTC) has taken the Gemini cryptocurrency to court, alleging that the Winklevoss-led cryptocurrency exchange misled the regulator about the nature of its Bitcoin futures contract, according to a report by Bloomberg. Gemini allegedly made false statements during meetings with CFTC staff about its operations. The exchange allegedly lied about preventing market […]
Utoday: EthereumPoW (ETHW) Community Targeted by Twitter Scam
EthereumPoW (ETHW) is the most popular of the post-Merge Ethereum (ETH) hard forks running on the proof-of-work (PoW) consensus. Now scammers are trying to benefit from its increasing popularity. Fake EthereumPoW (ETHW) accounts flooded Twitter According to a statement shared on EthereumPoW (ETHW) social media, a number of fake accounts and websites are impersonating the largest PoW […]
Ethereum's Arbitrum to Be Used by Norwegian Government
Contents Ethereum-based technologies for unlisted companies' shares: Case of Norway Arbitrum's adoption gained traction in Q2, 2022 For the first time, a major country has begun using Ethereum and its products to create a completely new type of financial market for inclusive and democratic trading. Ethereum-based technologies for unlisted companies' shares: Case of Norway Jon Ramvi, Web3 developer and founder […]



