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Celsius Acknowledges $1.2B Hole in Balance Sheet

July 14, 2022
in Ethereum
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Celsius Acknowledges $1.2B Hole in Balance Sheet
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The document, which was filed to the U.S. Bankruptcy Court of the Southern District of New York, shows that Celsius holds $4.3 billion of assets and $5.5 billion of liabilities. In its list of assets, Celsius claimed it has about $600 million in its CEL token. However, the company noted in the filing the total market cap for CEL as of July 12 was roughly $170.3 million.

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