The beleaguered crypto lending platform, Celsius, is gradually repaying its debts, the most recent being $20 million in USDC to Aave, despite facing bankruptcy concerns.
PeckShield, a blockchain security firm, announced the new development on Twitter by sharing an Etherscan screenshot of the transaction from a Celsius wallet to Aave Protocol v2.
Also Read: Crypto Lender Celsius Hires Restructuring Lawyers, Again!!
Celsius has been making loan payments on time since mid-June, leading up to today’s payoff. Celsius still owes Aave approximately $90 million in USDC and $78,984 in Ren (REN), as well as $85 million in DAI to the Compound protocol, for a total debt of $175.5 million.
