Post
Topic
Board Bitcoin Discussion
Re: Less Worry: Celcius paid off its $114 million Bitcoin-backed loan in 24 hours.
by
NotATether
on 09/07/2022, 10:51:46 UTC
Why is Celsius paying-off debt?

Because they used customers' money to give loans to high-risk financial institutions, those corps defaulted on their loans, so Celsius has almost no money for its (protected) institutional clients to withdraw as well as for the rest of their users.