Celsius continues to repay and reclaim large amounts of collateral from its DeFi positions.
Facing a financial fallout caused by a sharp drop in crypto markets, Celsius has been winding down its DeFi positions on protocols like Compound, Aave, and Maker. L
ast week, the embattled cryptocurrency lender repaid all of its debt on MakerDAO before withdrawing $440 million in wrapped bitcoin.Celsius still owes $72 million in USDC to Aave and $50 million in DAI to Compound. © 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Vishal Chawla is a reporter who has covered the ins and outs of the tech industry for more than half a decade. Prior to joining The Block, Vishal worked for media firms like Crypto Briefing, IDG ComputerWorld and CIO.com.
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