1 year ago
Bankrupt crypto lender Celsius Network moved astir $70 cardinal worthy of altcoins connected July 5 pursuing the caller tribunal support to merchantability them for Bitcoin (BTC) and Ethereum (ETH).
Data from Arkham Intelligence showed that the lender had moved millions of altcoins and stablecoins to antithetic wallets, including those related to crypto marketplace shaper Wintermute, crypto custodial steadfast Fireblocks, and stablecoin issuer Paxos.
Source: Arkham IntelligenceThe altcoins transferred included Chainlink, Polygon, Synthetix, Avalanche and others, portion the stablecoins progressive successful the transaction see Binance USD (BUSD), USD Coin (USDC) etc. The steadfast besides moved immoderate ETH and WBTC tokens betwixt related wallets.
On June 30, Judge Martin Gleen approved Celsius’s program to merchantability each its altcoins for the apical 2 integer assets. At the time, the justice ordered the steadfast to usage tenable efforts to maximize the worth of these altcoins.
Meanwhile, Arkham Intelligence dashboard shows that Celsius holds crypto assets worthy $614.28 cardinal successful its wallets. Its BTC and ETH holdings relationship for implicit $400 cardinal of its assets, and it has astir $100 cardinal worthy of its CEL autochthonal token.
The station Celsius moves altcoins to caller wallets successful mentation for Bitcoin and Ethereum conversion appeared archetypal connected CryptoSlate.
English (US) 