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Celsius Network Pays Off Maker Loan, Freeing Up $440M of Collateral

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by COINS NEWS 124 Views

tldr; Celsius Network, the crypto lender that halted user withdrawals last month because of liquidity pressures, reclaimed $440 million of collateral on Thursday. It paid off a loan on Maker, one of the largest decentralized finance (DeFi) platforms in the crypto universe. Celsius halted all customer withdrawals and transactions on June 12 to avoid a run on deposits.

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