The troubled lender lacks the assets and liquidity to honor its obligations to investors, DFR said.
Crypto lending firm Celsius on Monday paused all account withdrawals, sparking fears that it may be about to go bust.
Celsius Network inició su reestructuración y recibió la aprobación para construir una nueva instalación de minería de Bitcoin.
The account holders represent 4% of the assets locked up at the bankrupt crypto lender.
The world watched as seemingly invincible giants in the ecosystem crashed and burned — each one filing for bankruptcy and facing endless lawsuits that rage on.
The troubled crypto lender Celsius started to make good on the $258 million debt on the decentralized lending protocols Aave and Compound – possibly in an attempt to reclaim collateral it had posted as guarantees.
The troubled crypto lender paid down $183 million of its debt to the decentralized exchange Maker, blockchain data shows, possibly in a bid to recover bitcoin-linked collateral that otherwise would remain trapped.
The move comes just after the crypto lender reclaimed $450 million of collateral in WBTC, closing its loan from DeFi lending protocol Maker, blockchain data shows.
The U.K. central bank on Tuesday said it was advancing its exploration of central bank digital currencies, or CBDCs, to a consultation stage that’s due to take place next year.
One of the most important and least-discussed points made in the UK House of Lords report on CBDC was nothing to do with payments or money at all. The report notes that witnesses told the Committee that “a CBDC would need to be attached to a digital identification system",