Bankrupt Crypto Lender Celsius Has $1.2B Hole In Balance Sheet, Owes Creditors $5.5B

A recent court filing revealed a $1.2 billion hole within the balance sheet of crypto lender Celsius (CRYPTO: CEL). What Happened: Celsius has had an extremely tumultuous few months, facing large-scale illiquidity and having had to freeze cryptocurrency withdrawals from its platform.