[ad_1]
The Department of Financial Regulation issued a consumer alert against Celsius, stating that it is deeply insolvent. DFR mentioned in its release that the crypto lender Celsius Network’s actions are affecting thousands of customers.
The DFR also stressed that the lender lacks the resources and liquidity to fulfill its commitments to account holders and other creditors.
Beginning in June, Celsius stopped withdrawals, made employment cuts, and recruited restructuring consultants to offer advice on its financial predicament.
The lender said earlier on Tuesday that it had fully repaid its debt on the decentralized finance (DeFi) network. As a result, $26 million in collateral was released as a part of its restructuring strategy. It also sent $418 million in “stETH,” …
Kijangwin is your brand-new go-to destination for all things internet gaming. Whether you're an informal…
Hey there, fashion enthusiasts! Are you ready to dive into the world of trendy clothes…
Hey there! If you're reading this, there's a good chance you've found yourself in the…
Hey there, hemp enthusiasts! If you've been on the hunt for the next big thing…
Hey there! Have you ever found yourself tangled up in the world of communication and…
Are you worried that hidden critters might derail your home sale? Selling a house can…