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Benzinga
Benzinga
Business
Murtuza Merchant

Celsius Expected To Reach Negative Liquidity By October

Celsius Bitcoin Crypto Mining

Beleaguered crypto lending platform Celsius (CRYPTO: CEL) is projected to reach negative liquidity of around $34 million by October this year, according to the company’s latest Chapter 11 documents.

Celsius had, on June 12, announced its decision to freeze withdrawals and transfers from its platform for its customers due to “extreme market conditions.”

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