EXCLUSIVE: The liquidity-stricken crypto lender fully paid off its debt to decentralized finance protocol Aave, freeing up $26 million in tokens as part of its latest debt restructuring maneuver, sndr_krisztian reports.
Now that the firm has closed its loans from Aave and Maker, Celsius might turn its focus on paying off the last remaining DeFi debt, which is a loan from the Compound lending protocol.
At press time, the wallet linked to Celsius owes some $50 million in USDC stablecoin to Compound, blockchain data firm Nansen's portfolio tracker . If Celsius pays off the rest of its outstanding debt, it can unlock 10,000 WBTC tokens currently stuck on the platform, worth $194 million at current market prices.Read more about
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Celsius changes legal team, pays off $20M in Aave debtsCrypto lending platform Celsius has reportedly swapped out its law firm for restructuring advice, opting to go for Kirkland & Ellis LLP — the same firm that worked with Voyager Digital on its Chapter 11 bankruptcy filing last week.
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Celsius transfers $124 million in wrapped bitcoin from AaveCelsius continues to repay and reclaim large amounts of collateral from its DeFi positions.
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Celsius transfers $124 million in wrapped bitcoin from Aave⬇ -13 Celsius transfers $124 million in wrapped bitcoin from Aave $BTC bitcoin $WBTC wrapped bitcoin $AAVE
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Celsius transfers $124 million in wrapped bitcoin from Aave⬇ -13 Celsius transfers $124 million in wrapped bitcoin from Aave $BTC bitcoin $WBTC wrapped bitcoin $AAVE
Weiterlesen »
Celsius changes legal team, pays off $20M in Aave debtsCrypto lending platform Celsius has reportedly swapped out its law firm for restructuring advice, opting to go for Kirkland & Ellis LLP — the same firm that worked with Voyager Digital on its Chapter 11 bankruptcy filing last week.
Weiterlesen »
Celsius transfers $124 million in wrapped bitcoin from AaveCelsius continues to repay and reclaim large amounts of collateral from its DeFi positions.
Weiterlesen »