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
SBF Says He Wants to Raise Liquidity and Restart Business
Utoday: Founder of now-bankrupt exchange wants to start things from scratch, here's how community reacted Sam Bankman-Fried, who co-founded major exchange FTX which he recently declared insolvent, has taken to Twitter to tell the community that he would like to start his business all over again. He plans to compensate losses to customers first and, after […]
Morgan Stanley and Goldman Sachs' Significant Investments in Bitcoin ETFs
Morgan Stanley and Goldman Sachs' Significant Investments in Bitcoin ETFs In recent developments in the financial world, two leading asset managers, Morgan Stanley and Goldman Sachs, have made noteworthy disclosures concerning their investments in Bitcoin exchange-traded funds (ETFs). This move highlights a growing acceptance of Bitcoin and blockchain technology in traditional financial markets. An Overview […]
More Than 750,000 MATIC Have Been Burned Since Launch of Burn Mechanism
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to […]