Cryptocurrency News
Celsius bankruptcy filings show a company in deep trouble
2022.07.15 17:27
Celsius’ bankruptcy filing has revealed some unpleasant surprises about the state of the crypto lending platform, including a $1.2 billion deficit formed largely as a result of user deposits.
A chapter 11 bankruptcy document signed off by Celsius CEO Alex Mashinsky on July 14 has revealed that the company holds around $4.3 billion in assets against $5.5 billion in liabilities, representing a $1.2 billion deficit.
The financial roundup for Celsius reveals a $1.2 billion deficit.
