#loans
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Tether's (USDT) chief technology officer Paolo Ardoino claims that the project never received loans from the bankrupt lending platform Celsius.
His response came in the aftermath of Celsius' bankruptcy report, in which Tether was listed as "infected" alongside 3AC and Alameda Research.
User, get your USDT back before you blow it all on shitcoins!
Loans were issued against mining equipment. The creditor has about 68,000 of them, as of today.
The company started selling last year. Unfortunately, some loans have already been declared default. The average price of BlockFi's credit ASIC miner is $2,350 and ASIC's current market value is $1,400.
The total companies' debt to the industry in similar loans is estimated at $4 billion. Apart from BlockFi, loans were also issued to NYDIG, Celsius Network, Foundry, Babel Finance, and Galaxy Digital. 

