Bankrupt cryptocurrency lender Celsius Community on July 5. moved about 70 million
Knowledge from Arkham Intelligence confirmed that the lender moved thousands and thousands of altcoins and stablecoins to completely different wallets, together with these linked to cryptocurrency market maker Wintermute, crypto storage agency Fireblocks and stablecoin writer Paxos.
Transferred altcoins included Chainlink, Polygon, Synthetix, Avalanche, and others, whereas stablecoins concerned within the transaction embrace Binance USD (BUSD), USD Coin (USDC), and extra. The corporate additionally moved some ETH and WBTC tokens between associated wallets.
June 30 decide Martin Gleen upheld Celsius’ plan to promote all of its altcoins for the 2 largest digital belongings. On the time, the decide ordered the corporate to make affordable efforts to maximise the worth of those altcoins.
In the meantime, Arkham Intelligence’s dashboard exhibits that Celsius holds $614.28 million value of crypto belongings in its pockets. Its BTC and ETH holdings complete greater than 400 million.
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