Wow, Celsius did a presentation on the first day of the bankruptcy proceedings[1]. Quite some interesting details. Here's an overview from that presentation.

Wow, Celsius did a presentation on the first day of the bankruptcy proceedings[1]. Quite some interesting details. Here's an overview from that presentation. Total Assets reduced by $17.8Bn since March 30, 2022: User withdrawals: $1.9Bn Decline in market value of holdings: $12.3Bn Crypto liquidated by third parties (Tether): $0.9Bn Crypto lost from investments: $0.1Bn Loans: $1.9Bn due to loan redemption and liquidation And look at that corporate structure: https://imgur.com/a/0snAmoD https://imgur.com/a/0snAmoD I've come to realise it's typical of these new age firms to have such mind-bending structure. [1] https://cases.stretto.com/public/x191/11749/PLEADINGS/1174907182280000000001.pdf https://cases.stretto.com/public/x191/11749/PLEADINGS/117490...