Celsius Network Bankruptcy Coin Report Shows Actual Debt is 2.845B
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Latest Celsius Network Bankruptcy Coin Report Shows Actual Debt is 2.845B
In the report filed by Celsius, it shows they have 105,073 BTC and wBTC owed vs 37,926 on hand and 1,045,291 ETH owed vs 827,909 ETH and Staked ETH on hand. They are also including their worthless CEL token to fluff filing (CEL has been undergoing a pump and dump the last several days).
At this point, could any argue that there is really a Chapter 11 recovery path here? It would seem that Chapter 7 Liquidation is only way forward for at least a percentage of depositor funds to be returned.
submitted by /u/AMDInvestor
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