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
How to Modify or Cancel a Pending Ethereum Transaction
If you deal with Ethereum frequently, you’ll be happy to know it’s possible to cancel or reverse your transactions. Read more to learn how.
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 […]
Ethereum's Arbitrum to Be Used by Norwegian Government
Contents Ethereum-based technologies for unlisted companies' shares: Case of Norway Arbitrum's adoption gained traction in Q2, 2022 For the first time, a major country has begun using Ethereum and its products to create a completely new type of financial market for inclusive and democratic trading. Ethereum-based technologies for unlisted companies' shares: Case of Norway Jon Ramvi, Web3 developer and founder […]