US-Based Lending Firm Owes $439,000,000 to Embattled Crypto Firm Celsius: Report

A troubled crypto brokerage that recently filed for bankruptcy says they are owed hundreds of millions of dollars by a US-based private lending firm. According to a new report by the Financial Times (FT), Alex Mashinsky, the chief executive officer of Celsius Network, said in a court filing on Thursday that an unnamed lending service owes them $439 million. Sources familiar with the situation tells FT that Mashinksy is referring to EquitiesFirst, a firm known for lending cash to executives with their stocks as collateral. The report says that the money owed to Celsius by EquitiesFirst is a “significant chunk”