Celsius Crypto Liabilities will Shock you

Celsius alive but dead inside

What is Celsius?

[{"selector":"#anim-e65d2c72-8e50-4f3e-a041-eea003505eb1","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

What went Wrong?

[{"selector":"#anim-d2c117e3-38a5-4b5e-944d-59535a96ad39","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

The Actual Numbers

[{"selector":"#anim-1a79148e-df42-482d-982f-0d1dac8b2b94","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

Celsius Bitcoin Holding

[{"selector":"#anim-09654a62-7905-4793-9475-885267f85388","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

The Way forward

[{"selector":"#anim-e9007f42-88cf-4c2f-8a4c-e05df1c33934","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

The trapped user funds

[{"selector":"#anim-ec0b73db-58d4-4f90-b402-a1e9ba95ab1f","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

Also Read:

[{"selector":"#anim-a7ba9176-b761-4fee-8aee-a684bf4d703d","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

We're on You Tube

[{"selector":"#anim-d43c2007-b3d3-4093-a4e6-de830c739c6d","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

Celsius alive but dead inside

Celsius alive but dead inside

What is Celsius?

What is Celsius?

Celsius is a crypto bank providing lending & borrowing services to the users including token swap & crypto trading.

What went Wrong?

What went Wrong?

Exposing itself to higher risk, Celsius has filed for bankruptcy under Chapter 11 in US court accounting for $1.2 billion loss.

The Actual Numbers

The Actual Numbers

Acc. to the new filing Celsius own depositers a whopping sum of $2.8 billion & left with just $130 million cash as of today

Celsius Bitcoin Holding

Celsius Bitcoin Holding

The firm has $348 million bitcoin holding with $2.5 billion in BTC liabilities.

The Way forward

The Way forward

Celsius is taking baby steps in covering liabilities and cutting the excess spending. It will take a lot of effort to break even

The trapped user funds

The trapped user funds

Users who were unable to withdraw funds may have to wait longer until Celsius gets backs to a break even stage

Also Read:

Also Read:

1..Ripple & Celsius

1..Ripple & Celsius

2..Crypto Debit card

2..Crypto Debit card

3..Crypto Countries

3..Crypto Countries

We're on You Tube

Find the best Crypto content only on Katoch Tubes