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Platform Digital CEO A multi-billion crypto lender just filed for bankruptcy
Celsius Network has filed for bankruptcy, one month after stopping customers from withdrawing funds. The crypto trading and loan company's filing shows liabilities of $5.5 billion but assets of $4.31 billion, a $1.19 billion dollar black hole. $4.7 billion of the $5.5 billion liabilities are attributed to Celsius users, whom the filing admits may face serious losses (thanks, Financial Times(opens in new tab)).
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