Page 8 - Daniel Leon News Today : Breaking News, Live Updates & Top Stories | Vimarsana

From his perch in the heart of the crypto world, Michael Shaulov, CEO of Fireblocks, looks at the collapse of digital currencies - and is not moved. In an exclusive interview, the man who knows the entire industry personally explains why the "crypto winter" is unfounded hysteria, where the regulator failed in the Celsius affair, and why the U.S. Congress is consulting him on how to fix the industry

In documents filed yesterday, Celsius Network revealed it had a $1.2 billion shortfall in its balance sheet resulting from what CEO Alex Mashinsky said were poor investment decisions and unanticipated losses.

The company had billions in loans and assets and even had founders selling its digital stock back to Celsius.

The largest Israeli-founded company operating in the decentralized finance sector is seeking Chapter 11 protection from its 100,000 creditors.

Struggling crypto lending company Celsius has modified its board of directors, according to recent U.K. business filings.