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
Fed Rate Cut Expectations Propel Bitcoin Above $108,000
Bitcoin has soared past $108,000, driven by expectations of a Fed rate cut. Learn how lower interest rates impact Bitcoin.
Coinbase Joins S&P 500: A Closer Look at the Impact
Coinbase Joins S&P 500: A Closer Look at the Impact In an exciting financial development, Coinbase Global Inc. is set to join the esteemed S&P 500 index on May 19, 2025. This move marks a significant milestone not only for the company but also for the cryptocurrency sector as a whole. What is the S&P […]
PwC Account Hacked to Promote XRP Scam
The official Twitter account of PricewaterhouseCoopers (PwC) Venezuela has been hacked in order to promote an XRP scam. It is advertising “a big event” with Ripple CEO Brad Garlinghouse that is supposed to take place an hour from now. Its tweet encloses a link that is supposed to bait potential victims into sending their crypto. […]