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Celsius has collateralized approximately $227 million worth of ETH and distributed it to creditors
2024/01/05 04:11
Celsius tweeted that it has begun to reclaim and rebalance assets, ensuring sufficient liquidity. In the next few days, Celsius will liquidate existing ETH to offset costs incurred during the restructuring process and ensure timely distribution to creditors. Eligible creditors will receive physical allocations of BTC and ETH according to an approved plan. According to Arkham data, Celsius holds approximately $227 million worth of ETH.
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