Fat Pig Signals logo

Utoday: Celsius Has $1.2 Billion Hole in Balance Sheet

Shares

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

Shares

Related Articles

Crypto and Sustainability

Crypto and Sustainability: truth or lie?

By now, everyone acknowledges that the future of stocks is on the digital currency market. But nowadays one of the world's biggest concerns is following a more sustainable path that will lead us into a greener future. Is it possible for the pair crypto and sustainability follow along? For cryptos to actually be sustainable they […]

German Government Transfers $172M in Bitcoin to Multiple Locations

German Government Transfers $172M in Bitcoin to Multiple Locations In a significant move, the German government has transferred 3,000 Bitcoins (BTC) worth over $172 million to multiple locations. This strategic transfer could potentially impact the cryptocurrency market significantly. The Transfer Details According to blockchain investigators, the German government labeled wallet transferred 1,300 BTC to major […]

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 […]
PHISHING WARNING: Please make sure you’re visiting https://www.fatpigsignals.com. There has been an increasing amount of scammers and Impersonators. Please verify the handles carefully as well. Admins will never contact you selling investment products or a fund.
Official Admin Contacts: https://t.me/dad10 and https://t.me/gangplank123
+