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
Changpeng Zhao's Release from Custody: What Lies Ahead for the Binance Founder?
Changpeng Zhao's Release from Custody: What Lies Ahead for the Binance Founder? Changpeng Zhao, commonly known as "CZ," the founder of Binance, recently walked out of a California prison as a free man. This release marks a significant moment for the crypto industry, long fascinated by Zhao's monumental successes and subsequent legal challenges. While his […]
Understanding Uniswap v4: Features and Innovations
Understanding Uniswap v4: Features and Innovations Uniswap, a prominent player in the decentralized finance (DeFi) space, has been evolving since its inception. With the arrival of Uniswap v4, the platform introduces several noteworthy improvements, aiming to enhance the way decentralized exchanges operate. This article explores the key features and innovations of Uniswap v4. Introduction to […]
Utoday: Crypto Services Targeted by Massive Phishing Scam Here's How It Happened
Ethereum's (ETH) explorer Etherscan, crypto analytics service CoinGecko, portfolio management app DexTools and other Web3 infrastructure services are attacked Contents No free "Apes" in crypto Was the attack mitigated? Crypto scammers attacked Web3 infrastructure platforms through an unusual design. By compromising a single advertising instrument, attackers managed to steal tokens from thousands of wallets. No […]