Crypto Lender Celsius Projects Cash Outflow Through October

Celsius Network Ltd. expects negative net cash flow of $137.2 million for the three months through October, its lawyers said in a filing, as the cryptocurrency lender navigates bankruptcy proceedings.

• Celsius expects to net around $66.4 million in overall liquidity in August. That figure will fall to $11 million the following month and slide to a negative $33.9 million by October
• Co. expects operating costs of $85.4 million for the three months through October
• As of July 29, Celsius had customer liabilities of around $2.5 billion in Bitcoin, against $348 million in Bitcoin holdings. Other liabilities included $1.8 billion in ...