Did Celsius pay off $67,000,000 of debt? Here’s the latest
ambcrypto.comCelsius has been in the news of late. Reports of impending insolvency have flashed across social media in recent weeks. But Celsius supporters are trying to boost CEL token prices.
The latest Celsius reports have caused investors and supporters to ease their worries over the insolvency of the leading firm. Initial speculation began on 12 June when the company announced the freezing of user accounts in a blog. Citing “extreme market conditions,” Celsius paused all withdrawals, swaps, and transfers between accounts.
But interestingly, Celsius has been actively paying off loans to keep itself afloat. On 2 July, the lender paid off $67 million of its loans, according to crypto researcher Plan C. The debt was combined between AAVE, Compound, and Maker.
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