In the case of Celsius, at least some of the collateral was several times the value of the loans. The value of Celsius’ positions on Aave, Maker and Compound denominated in USD over time It ...

Here’s what the report found: Celsius took out a $1.8 billion tether-denominated loan in May 2021 posting $2.6 billion in crypto as collateral. The balance of Tether's loan to Celsius fell to $1 ...

Cryptocurrency loan company Celsius filed for bankruptcy under Chapter 11 yesterday, one month after the lender announced it was suspending withdrawals. The petitions for reorganization give ...

(Nansen) Last week, as reported by CoinDesk, Celsius fully paid off and closed its loan on Maker, one of the largest DeFi lending protocols, and freed up $440 million of collateral pledged against ...

New York State sued Alex Mashinsky, the founder and former CEO of Celsius Network, claiming he “engaged in a scheme to defraud hundreds of thousands of investors” by offering loan products ...

Celsius Network, a crypto yield and lending platform that is going through bankruptcy proceedings, has filed a document with the courts reminding borrowers they should repay outstanding loans but ...

Paying off overcollateralized loans is theoretically a net positive for Celsius's liquidity because the move unlocks more assets in value than what is needed to pay down the loans. However ...

Embattled crypto lender Celsius Network is aggressively paying down its DeFi debts as user withdrawals remain suspended. Since July 1, Celsius has repaid Aave 146M USDC and more than 53M DAI ...

Estimates at the time suggested that the company lost around $50 million. Celsius also took out collateralized loans totaling $756 million from a variety of platforms, including the DeFi companies ...

That was the Celsius model. Cryptocurrency investors could essentially store their holdings with the firm in exchange for a loan in dollars that they could put to use. Knitowski would get the ...

Market Analysis by The Tokenist (Timothy Fries) covering: . Read The Tokenist (Timothy Fries)'s Market Analysis on Investing.com ...

“Celsius paying off loans from DeFi protocols first,” tweeted prominent DeFi investor SantiagoRoel. “Smart contracts with programmed risk parameters can’t be fooled like centralized lenders.