Crypto firm $1.2B in the hole somehow

LOL totally not a scam. “Celsius lists $5.5 billion of liabilities in its bankruptcy filing, $4.7 billion of which is owed to Celsius users. The problem is that Celsius lists just $4.3 billion of assets, many of it illiquid, and that’s even assuming those have been calculated properly. A large part of Celsius’s holdings is in its own crypto token, also known as Celsius, which has taken a nosedive in the past year. And roughly $1 billion of assets are tied up in the company’s bitcoin mining center.”

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