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Ethereum World News
2022-06-30 17:17:49

Celsius Network Reiterates Commitment to Restoring Operations Amidst Rumors a $2B Deficit Discouraged FTX From Bailing it Out

Celsius Network Reiterates Commitment to Restoring Operations Amidst Rumors a $2B Deficit Discouraged FTX From Bailing it Out

Summary: FTX reportedly walked away from a potential deal with Celsius Network after analyzing the latter’s finances. Celsius Network allegedly had a $2 billion deficit on its balance sheet at the time of the talks with FTX. Celsius Network team has since issued a statement reiterating their commitment to restoring liquidity and operations. The Sam Bankman-Fried-led crypto exchange of FTX reportedly walked away from providing financial support or making a deal with representatives of the Celsius Network after viewing the […]

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