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Crypto lender Celsius Network reveals $1.19 billion hole in bankruptcy filing

07/15/2022

Less than a minute

2022.07.15 00:52

Crypto lender Celsius Network reveals $1.19 billion hole in bankruptcy filing
FILE PHOTO: Celsius logo and representation of cryptocurrencies are seen in this illustration taken, July 7, 2022. REUTERS/Dado Ruvic/Illustrations

(Reuters) – Celsius Network listed a $1.19 billion hole in its balance sheet in a Thursday filing in a Manhattan bankruptcy court, a day after the cryptocurrency lender filed for Chapter 11 bankruptcy.

The company also said it had $40 million in claims against Singapore-based Three Arrows Capital, a crypto hedge fund that filed for bankruptcy earlier this month.

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07/15/2022

Less than a minute