celsius network

Celsius Network LLC has a roughly $1.2 billion hole in its balance sheet, with the majority of its liabilities owed to the cryptocurrency lender’s users, according to a Thursday filing by Chief Executive Alex Mashinsky.…

In its terms of service, Celsius warned that users could lose their cryptocurrency deposits in the event of a bankruptcy. Read MoreSource link

Celsius styles itself as a crypto alternative to traditional banks. That may not turn out so well for its users. Read MoreSource link