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.
Source: https://www.coindesk.com/business/2022/07/14/celsius-acknowledges-12b-hole-in-balance-sheet/?utm_medium=referral&utm_source=rss&utm_campaign=headlines