Celsius Has $1M in SRM Tokens Stuck on FTX and $13M in Loans to Alameda
Celsius just revealed how bad their exposure to FTX and Alameda is.
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
An examiner’s probe into Celsius has revealed that the platform purchased as much as $558 million worth of CEL tokens using customer funds.
Celsius just revealed how bad their exposure to FTX and Alameda is.
The Judge ordered a probe into the allegations of Celsius’ Ponzi-like behavior.
Alex Mashinsky pulled out $10 million from Celsius just weeks prior to the company's decision to freeze customer funds.
Celsius equity holders have asked for their own fiduciary to represent their interests in bankruptcy proceedings.
Celsius aims to reorganize its business as a crypto custody firm that would charge users for certain transactions.
The bankrupt crypto lender explained that some of the frozen assets aren’t the company’s property and that their owners should be allowed to withdraw them.
Canada’s second-largest pension fund manager made the daring decision to invest in Celsius—and lost $150 million when the crypto lender went bankrupt.
Celsius is not only short of $2.8 billion in crypto assets but would run out of cash by October as per court filings.