Claims that Celcius, which has more than 1.7 million customers and 12 billion dollars in money on the platform, could not make payments due to the market decline, came to the fore.
Recently, it was claimed that Celcius, a high return rate and lending platform, would not repay the funds it received from customers. Ethereum, which is held by the platform that distributes the funds it receives to its customers by operating on other platforms. 44% for the Ethereum 2.0 merger It was converted to stETH.
stETH price, which should normally be the same as 1:1 Ethereum 4.4% decline It is stated that it puts the Celcius platform in trouble.
Then Celcius made statements on the subject. Celcius in the statement: all withdrawal, transfer and swap transactions reported to have stopped. Also in Celsius:
We are doing the suspension so that Celcius can better do what it needs to do in the future. Our operations continue. We will continue to provide information.
said.
Impact on Ethereum
Ethereum held by Celcius 44% It was discussed that the remaining part of the ethereum would be found as stETH, and the remaining ethereum would be sufficient as income to be given to its customers for only 5 weeks.
Celcius, which had to cash out the remaining ethereum to distribute it to its customers, was announced on Saturday, June 11th. 42,000 Ethereum (ETH)on Sunday, June 12 12,000 ETH and today about 50,000 ETH in the last three days FTXabout to 104,000 ETH sent.
The fact that people who see this transaction sell their products, thinking that the price will decrease, and that their bitcoin has decreased with this event, has been in the last 7-day period in Ethereum. 35% reported to cause a decline. at the time of writing 1220 Ethereum, which is around the dollar, has long-time support. your 1700 dollars The decline accelerated after falling below.
According to Parsec.finance, Ethereum 1100-1200 if it falls to $ 900 million dollars will be deleted.