Bankrupt crypto lending platform Celsius has shifted 459,561 Ethereum (ETH), valued at over $1 billion, to centralized exchanges, including Coinbase, Paxos, and FalconX, in the past 24 hours, per on-chain data.
In detail, more than 300,000 ETH, equivalent to $673 million, was sent to Coinbase Prime. The firm also moved 146,507 ETH, valued at around $323.3 million, to Paxos, and another 7,800 ETH, worth $17.2 million, were transferred to FalconX.
This latest transfer follows a series of similar fund movements by Celsius in recent days. On Jan. 24, blockchain investigator Lookonchain reported that the firm deposited 18,000 ETH, worth $40 million, to Coinbase.
Meanwhile, the crypto analytical platform Spot on Chain provided a more in-depth analysis of the transfers. According to the firm, Celsius has deposited 740,321 ETH, worth an estimated $1.69 billion, to centralized exchanges, including FalconX, Coinbase, OKX, and Paxos, since November 2023.
However, despite these transactions, the f
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