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 ...

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 ...

Alex Mashinsky, former Celsius CEO, has agreed to forfeit all claims to the bankrupt crypto lender's assets, allowing for additional creditor distributions. The agreement, filed in the U.S. Bankruptcy ...

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 ...

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 ...

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 ...

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 ...

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 ...

Via his Celsius crypto asset platform, Mashinsky offered customers "rewards" on deposited assets, secured loans, and custody services and persuaded customers to "unbank" themselves by transferring ...

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 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.