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 Recent US Spot Bitcoin ETF Outflows and Their Implications
Understanding Recent US Spot Bitcoin ETF Outflows and Their Implications An Overview of Spot Bitcoin ETFs Exchange-Traded Funds (ETFs) are popular investment vehicles that track the performance of an index, commodity, or basket of assets, much like a mutual fund, but trade like a stock on an exchange. A spot Bitcoin ETF, specifically, holds actual […]
Kraken's New Status in Canada: A Turning Point for Crypto
Kraken's Restricted Dealer Status in Canada: A New Era for Crypto The cryptocurrency landscape in Canada is witnessing a significant shift as Kraken, a global leader in digital asset trading, secures its status as a restricted dealer. This development is not just a milestone for Kraken but represents a pivotal moment for the wider crypto […]
The Sei Airdrop: How to Participate and Claim Free SEI Tokens
The Sei Airdrop: How to Participate and Claim Free SEI Tokens The Sei Airdrop is a highly anticipated event in the blockchain community. It offers users the opportunity to claim free SEI tokens, the native cryptocurrency of the Sei Network. In this article, we will guide you through the process of participating in the Sei […]



