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Is Celsius stabilizing its liquidity?

Embattled crypto lender Celsius delivered an update on its situation, stating that its "objective continues to be stabilizing our liquidity and operations." “This process will take time,” the New Jersey-based company said in a blog post on Sunday night.

What's happened to Celsius Network?

(Bloomberg) -- Celsius Network Ltd. will need more time to stabilize its liquidity and operations, the embattled crypto lending platform said in a blog post after it froze deposits last week.

Is Celsius struggling to raise funds?

From a report: Celsius, one of the biggest crypto lenders, has been struggling to raise funds in a fragile digital-assets market hit by tightening interest rates, liquidity and the collapse of the Terra blockchain last month.

How does Celsius lending work?

This is so because Celsius lends out the borrower’s collateral as well. The lender earns from the borrower’s interest, and the lender earns from the interest for the borrower’s collateral lending. Custodial Crypto Lending – Celsius is a custodial platform; it controls client assets.

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