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CEL / Celsius' user funds remain in the balance as partial debt repaid
Embattled crypto lending platform Celsius Network paid back another $50mln of its nearly $200m debt tied up in MakerDAO, effectively increasing its collateralisation ratio by 80% as of July 4. The UK-registered enterprise was at risk of having its position liquidated as Bitcoin (BTC)'s price continued to plummet by 60% in the first two quarters of 2022.
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Posted: Jul 4 2022, 10:57
Author Name: Proactive Investors
Views: 102845
CEL News
By Proactive Investors
July 4, 2022
Celsius' user funds remain in the balance as partial debt repaid
Embattled crypto lending platform Celsius Network paid back another $50mln of its nearly $200m debt tied up in MakerDAO, effectively increasing its co more_horizontal