Crypto lender Celsius Network reveals $1.19 billion hole in bankruptcy filing

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Reuters UK

(Reuters) – Celsius Network listed a $1.19 billion hole in its balance sheet in a Thursday filing in a Manhattan bankruptcy court, a day after the cryptocurrency lender filed for Chapter 11 bankruptcy. The company also said it had $40 million in claims against Singapore-based Three Arrows Capital, a crypto hedge fund that filed for bankruptcy earlier this month. (Reporting by Hannah Lang in Washington,; Editing by Chris Reese)

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