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Celsius insolvency – DIGIT INFO https://www.digit.info Bookmarking Crypto Insights Thu, 30 Jun 2022 06:04:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.png Celsius insolvency – DIGIT INFO https://www.digit.info 32 32 Contagion: Genesis faces huge losses, BlockFi’s $1B loan, Celsius’s risky model https://www.digit.info/contagion-genesis-faces-huge-losses-blockfis-1b-loan-celsiuss-risky-model/ Thu, 30 Jun 2022 06:04:57 +0000 https://www.digit.info/2022/06/30/contagion-genesis-faces-huge-losses-blockfis-1b-loan-celsiuss-risky-model/

A leaked investor call from Morgan Creek Digital suggests BlockFi liquidated 3AC for $1 billion, while Celsius reportedly maintained a highly risky assets-to-equity ratio last year that may have caused its recent liquidity woes.

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