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Celsius Report: It expects its net cash flow to drop to negative $137 million by the end of October.



Time:8/16/2022 12:27:34 PM

[Celsius Report: Its net cash flow is expected to drop to negative US$137 million by the end of October] Jinse Finance reported that in court documents filed on August 14, Celsius reported that it expects its net cash flow to be negative by the end of October 2022. will drop to negative $137 million, and corporate liquidity will drop to negative $33.9 million. The report also shows that as of July 29, 2022, Celsius owed a total of $6.7 billion in token liabilities. The company currently has $3.8 billion in token assets, including $761 million in its own token CEL. $2.84 billion.

Celsius said in the report that it plans to increase operating expenses by US$85.4 million by the end of October, of which US$13.9 million is used to pay employee salaries and US$57.3 million is used for cryptocurrency mining operations. Help the company regain its footing.

Other news:

The founder of Celsius Network withdrew $10 million before the company declared bankruptcy: Jinse Finance reported that according to British media sources, Alex Mashinsky, the founder of the encrypted lending platform Celsius Network, withdrew from the company a few weeks before the company froze customer accounts and declared bankruptcy. $10 million deposit. ("Financial Times") [2022/10/3 18:37:51]

Celsius will no longer provide Earn accounts and Earn rewards to non-qualified investors from April 15th: On April 12th, the encryption lending platform Celsius announced that it will launch a new custody solution for US users from April 15th, Earn accounts and Earn rewards will no longer be provided to non-qualified investors. Qualified investors and users in other regions will not be affected. [2022/4/13 14:20:45]

The 24-hour transaction volume of Dour Darcels was nearly 2 million US dollars, an increase of 166.42%. On March 11, according to data, the 24-hour transaction volume of the NFT project Dour Darcels reached 1.99 million US dollars, an increase of 166.42%. The current floor price is 0.864 ETH, An increase of 140.59%. [2022/3/11 13:51:16]

Security Team: There is a risk of malicious proposals in the yVaren project, please pay attention to protect the safety of funds.

[Security Team: There is a risk of malicious proposals in the yVaren project.

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