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Celsius owes users billions as $1.2bn hole in balance sheet revealed
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Celsius Network has a roughly $1.2bn hole in its balance sheet, with the majority of its liabilities owed to the cryptocurrency lender’s users, according to a 14 July filing by chief executive Alex Mashinsky.
Of Celsius’s $5.5bn in total liabilities, more than $4.7bn is owed to Celsius’s users, according to the declaration Mashinsky submitted to bankruptcy court.
Users...
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