Crypto lender Celsius Network reveals $1.19 billion hole in bankruptcy filing

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Celsius froze withdrawals last month.

Crypto lender Celsius Network reveals $1.19 billion hole in bankruptcy filing
Celsius Network listed a $1.19 billion deficit on its balance sheet in a bankruptcy court filing on Thursday, a day after the cryptocurrency lender filed for Chapter 11. New Jersey-based Celsius froze withdrawals last month, citing "extreme" market conditions, cutting off access to savings for ...

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