The true scale of the Celsius bankruptcy is only now beginning to show itself properly. For example, Celisus had stated a debt burden of 1.2 billion US dollars when filing the documents at the bankruptcy court in New York.
However, the actual deficit is $ 2.85 billion. This is shown by the latest report in the insolvency proceedings against the insolvent crypto savings service. As a result, the liabilities increase to more than double the original disclosure.
The report further reveals that Celsius lost 62,853 Bitcoin (the equivalent of about $1.05 billion) of its customers. In total, liabilities of about $ 6.67 billion are offset by only $ 3.82 billion in assets on the balance sheet.
In addition, Celsius stated the value of its own tokens in the report at $ 1 per piece. One of the stakeholders involved in the insolvency case criticized Celsius’ information on Twitter. He accused the company of glossing over information on liabilities via the valuation of its own tokens.