After Celsius announced that all transfers and withdrawals were temporarily suspended, NEXO, BlockFi and Tether made statements.
Cryptocurrency lending and staking platforms NEXO and BlockFi, of the Celsius crisis in their subsequent statements continue their operations without any problems. told.
Tether with at least a portion of its equity capital. of their investment in Celsius exists, but The volatility experienced has no effect on its reserves. explained.
BlockFi: We don’t have sETH positions
made on Twitter in the posts seamlessly into its operations. BlockFi CEO, who said that they continue Zac Prince made the following statements:
All of BlockFi’s products and services continue to operate normally, including loans, interest earning, trading, credit card usage, and deposits and withdrawals. We do not have any stETH positions and we exited all our holdings at GBTC last fall. Our risk management systems are operating normally. We do not enjoy the challenge of the cryptocurrency market, but we will continue to operate with the utmost responsibility towards our customers and other stakeholders.
NEXO: We are strong enough to take all remaining assets of Celsius
NEXO via his official Twitter account. in the posts He stated that all NEXO products are working normally and they are not happy with any failure in the blockchain industry.
As always all Nexo products; Borrowing, earning interest, making transactions, using Nexo cards work normally and deposits and withdrawals are processed instantly. Thus, despite this latest crisis in the market, you can take the necessary actions. Nexo is the first and only blockchain finance company to audit custodian assets in real time, always proving the liquidity of the company’s assets and its ability to meet all its obligations. The Nexo team has never been happy with failures in the blockchain industry. However, we warned that implementing a sustainable business model based on prudent risk management, which sets Nexo apart, allows us to maintain financial stability in all market conditions.
They also stated that they contacted the Celsius team to provide support, but this request was received by the team. being rejected indicating NEXOonce again requested support from Celsius. NEXO particularly collateralized loan portfolios That Celsius can take all remaining assets and that they have prepared a proposal for this deal explained.
To support the digital asset ecosystem during these difficult times as a token of goodwill, we contacted the Celsius team yesterday to offer support, but our assistance was declined. We firmly believe that Celsius will do its best to assist its customers. Nexo has solid liquidity and equity to buy all of Celsius’ remaining qualifying assets, particularly its secured loan portfolios. We are preparing a proposal to Celsius for this deal and will make it public
Tether: Celsius has no effect on our reserves
Tether, the issuer of the USDT stablecoin, said in a statement that volatility on Celsius investments had no impact on its reserves.
Recent events affecting the Celsius credit platform and its native token CEL are an unfortunate result of market volatility and market conditions. While Tether’s investment portfolio includes an investment in Celsius that represents a minimum of our equity, there is no relationship between this investment and our own reserves or stability. Also, Celsius and Tether lending activity is always over-collateralized and has no impact on our reserves.