Celsius repays its Maker loan and hires restructuring lawyers

Distressed crypto lender Celsius has repaid its Maker loan of $440m, releasing 21,962 WBTC worth of collateral.
Source: Coingecko.com

On June 12th, lending platform Celsius halted withdrawals citing challenging market conditions. Celsius had significant exposure to illiquid staked ETH and also staked ETH proxy STETH, in addition to publicly known loans with WBTC collateral through Maker.

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