Celsius Claims to be Mostly Solvent

Celsius, the centralized crypto asset investment management platform, claims to have $4.3 billion out of the $5.5 billion owed to creditors.

Alex Mashinsky, the Chief Executive Officer of the Celsius Network LLC, further claims they were able to meet 100% of all withdrawal requests and 70% in seven days during “normal market conditions,” but a series of events led to significant losses.