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

(Reuters) -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 individual investors and sending tremors through the crypto market.

https://www.investing.com/news/stock-market-news/crypto-lender-celsius-network-reveals-119-billion-hole-in-bankruptcy-filing-2847464