According to cybersecurity experts from PeckShield, the owners of the Celsius Network platform have paid a debt to Aave representatives in the amount of $63.5 million. Analysts report that funds for debt repayment were previously received by Celsius from an account on the FTX exchange in the amount of $63.5 million.
After the recent decline in the value of crypto assets, the credit positions of Celsius Network were at risk of liquidation due to the sale of collateral assets due to late repayment of the loan. Upon repayment of the debt, Celsius prevented the loss of its collateral assets in cryptocurrency and returned back an amount equivalent to more than $ 400 million.
Celsius suspended all operations on transfers and withdrawals of funds amid financial difficulties in mid-June of this year. Also last week it became known that the management of the Celsius Network applied to the law firm Kirkland & Ellis LLP in order to analyze debt restructuring scenarios, including filing for bankruptcy.
Celsius Network is a centralized investment platform with an income of up to 17% per annum on cryptocurrency deposits. The current problems of Celsius have also negatively affected the activities of similar companies – Three Arrows Capital and Voyager.