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Celsius Repays Over US$113M In Debt & Recovers US$122M In Collateral
Celsius Network repaid around US$78 million in USDC to Aave and US$35 million in DAI to Compound on Monday, blockchain data on Etherscan shows.
Kabir V.
6:10 12th Jul, 2022
Markets

The troubled cryptocurrency lender unlocked at least US$122 million in collateral through its latest set of repayments.

Celsius still has outstanding debts worth US$122 million on Aave and Compound, according to data from Zapper.

Celsius has paid off over US$300 million worth of loans since July 1, blockchain data shows.

Celsius has cut jobs and hired restructuring experts to tackle its liquidity issues since halting withdrawals on June 13.

Celsius can unlock around US$654 million in collateral by paying off the remaining debt, according to data from Nansen.

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