BlockFi, another large crypto lending and yield platform, has issued a statement that all things are operating normally on their platform – a clear reference to the temporary halt of withdrawals on Celsius.
BlockFi CEO and founder Zac Prince stated:
All products and services BlockFi continue to operate normally, including loans, interest earning, trading, credit card and deposits / withdrawals. We have zero stETH exposure and exited the principal positions we had in GBTC last fall. Our risk management systems are operating normally. We take no pleasure in cryptocurrency businesses struggling but will continue to operate with the upmost responsibility towards our clients and other stakeholders.
Meanwhile, Nexo has entered the fray with a possible offer to help Celsius, once again revealed via Twitter:
We firmly believe that acquiring all or part of Celsius’ qualifying, outstanding collateralized loan receivables will go a long way in providing immediate liquidity to @CelsiusNetwork clients. We are still waiting to hear from their management and will update you.
— Nexo (@Nexo) June 13, 2022
Nexo commented several hours ago that after the occurrence of what “appears to be the insolvency” of @CelsiusNetwork Nexo has extended a formal offer to acquire qualifying assets after their withdrawal freeze.
Nexo, a crypto marketplace and prime brokerage for institutions, touts its status as a regulated digital asset platform.
