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Celsius Bankruptcy Filings Hint Retail Customers Will Bear Brunt of Its Failure

The New Jersey-based crypto lender has a $1.2 billion hole in its balance sheet and will likely struggle to pay back its customers and creditors.

Updated May 11, 2023, 5:34 p.m. Published Jul 18, 2022, 6:28 p.m.
Alex Mashinsky, founder and CEO of Celsius Network (CoinDesk archives)
Alex Mashinsky, founder and CEO of Celsius Network (CoinDesk archives)