Last week, CoinDesk reported that Celsius fully paid off and closed its loan on Maker, one of the largest DeFi lending protocols, and freed up $440 million of collateral pledged against the loan, denominated in wrapped bitcoin (WBTC) tokens. Additionally, on Tuesday, the crypto lender reduced its debt by $95 million on Aave and freed up 410,000 stETH tokens, worth $426 million at the time of publishing, also reported by CoinDesk.
Source: https://www.coindesk.com/business/2022/07/12/celsius-is-deeply-insolvent-alleges-vermont-department-of-financial-regulation/?utm_medium=referral&utm_source=rss&utm_campaign=headlines