Celsius has collateralized approximately $227 million worth of ETH and distributed it to creditors
Celsius tweeted that it has begun to reclaim and rebalance assets, ensuring sufficient liquidity. In the next few days, Celsius will liquidate existing ETH to offset costs incurred during the restructuring process and ensure timely distribution to creditors. Eligible creditors will receive physical allocations of BTC and ETH according to an approved plan. According to Arkham data, Celsius holds approximately $227 million worth of ETH.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Bank of Japan emphasizes maintaining the underlying inflation rate near its 2% target.
Schwab Says AI Is Past Experiments: Will It Echo the Dot-Com Boom?
Mid-point pricing, oversubscribed issuance: Bambusa (BBTX.US) IPO raises 169 million USD, market cap set at 815 million USD
Biotechnology company Bambusa priced its expanded IPO at a midpoint of $16, raising $168.9 millions, with a valuation of $815 millions. It will be listed on NASDAQ this Friday.
Crypto prices
More
