Wow, Celsius did a presentation on the first day of the bankruptcy proceedings[1].
Quite some interesting details.
Here's an overview from that presentation.
Total Assets reduced by $17.8Bn since March 30, 2022:
User withdrawals: $1.9Bn
Decline in market value of holdings: $12.3Bn
Crypto liquidated by third parties (Tether): $0.9Bn
Crypto lost from investments: $0.1Bn
Loans: $1.9Bn due to loan redemption and liquidation
And look at that corporate structure: https://imgur.com/a/0snAmoD I've come to realise it's typical of these new age firms to have such mind-bending structure.[1] https://cases.stretto.com/public/x191/11749/PLEADINGS/117490...