Bitcoin and crypto money lending platform Celsius 200 million dollars by paying another debt bitcointook it back.
bitcoinThe decline in . and the liquidity crisis in the crypto money markets left some lending platforms and crypto money companies in a difficult situation.
One of these platforms was Celsius.
The company, which froze withdrawals on June 12, created an atmosphere of panic in the industry.
800 Million Dollars Paid
Fortunately, Celsius, which has paid its $ 800 million debt in the past few days, has obtained the funds it has shown as collateral in DeFi applications.
Last week makerpayer of his debt to Celsiusmanaged to buy back $440 million worth of Bitcoin.
After that aave124 million dollars by closing the debt in bitcoin and $417 million Ethereum was withdrawn.
company today compoundHe closed his debt by paying another 50 million dollars of the remaining debt in Turkey.
Celsius, with the settlement of this debt $200 million BitcoinHe got more.
On-chain data It shows that Celsius periodically transfers the Bitcoins and Ethereums it acquires to centralized exchanges. This is most likely a move to sell and pay off debt obligations.
Celsius’ token rose 40% on CEL today, driven by good news.
Experts say that such an aggressive rising in this period when the risk appetite is low. in altcoins It is recommended not to open a transaction afterwards.
*Not Investment Advice.