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A former employee, who asked not to be named, said there was a lack of financial oversight that led to significant holes on the company's balance sheet. One of the biggest problems was that Celsius had a synthetic short, which occurs when a company's assets and liabilities don't correspond.

Celsius users with crypto collateral stuck turn to bankruptcy process

cnbc : 2024/12/03 : celsius-users-with-crypto-collateral-stuck-t...

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And, Celsius did not hold a $750 million insurance policy for deposits. The company also lacked, until mid-2024, any system to track its assets and liabilities, according to the complaint. The FTC says that Celsius and its top executives also failed to deliver the returns they promised on consumers' cryptocurrency.

FTC Reaches Settlement with Crypto Platform Celsius Network

ftc : news-events : news : press-releases : 2024/07 : ftc-reaches...

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1 Sonic Boom: Rise Of Lyric\n\n Sonic Boom: Rise of Lyric was not only the worst Sonic game, but could arguably be considered to be one of (if not) the worst game of all time. Like Sonic 06, the game was plagued with a multitude of glitches.

The 20 Most Underwhelming Sonic Games, Ranked - CBR

cbr : most-underwhelming-sonic-games-ranked

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