New filings show bank Celsius could show out of functional money to October There’s about a $1 billion spread between ETH liabilities and ETH The reports likewise show a $2.8 billion openi...
Tag: liabilities
Celsius Network Coin Report Shows Latetst Net Liabilities Over $2.8 Billion
Embattled crypto lending platform Celsius Network may be in bigger trouble as its coin report shows that the deficit in its balance sheet is much more than the previously reported $1.2 billion reporte...
Celsius’ Net Liabilities Surpass $2.8 Billion: New Bankruptcy Filing
Celsius has released its budget for the next three months, allocating $13.9 million to payroll and $57.3 million to mining As of July 29, Celsius reported owing a total of $6.7 billion of token liabil...
Singapore-Based Vauld Seeks Protection From Credit Liabilities Worth $400 Million
A report by the Wall Street Journal has confirmed that cryptocurrency lender Vauld has filed an application seeking protection from creditors after pausing withdrawals earlier this month. Be[In]Crypto...
Celsius breaks silence as it attempts to ‘stabilize liabilities,’ ‘protect assets’
Celsius finally broke its silence with a June 30 blog post stating that it is “working as quickly as we can to stabilize liquidity and operations.” Behind the scenes, it claims that actions are being ...
SEC Says Crypto Exchanges Need to Treat User Funds As Their Own Liabilities
The U.S. Securities and Exchange Commission (SEC) says that moving forward, crypto exchange platforms must treat their users’ digital assets as their own liabilities. In a new bulletin, the SEC says t...