Bankrupt lending firm Celsius has transferred over $125 million worth of its Ether to crypto exchanges in the past week as part of its initiative to repay creditors.
The move follows that of FTX and Alameda Research, which also resumed funds transfer earlier this month.
$125 Million ETH Transfer
From January 8 to January 12, $95.5 million was moved to Coinbase and $29.7 million to FalconX, as reported by Arkham Intelligence. Despite these transfers, Celsius still possesses more than 550,000 ETH, roughly valued at $1.36 billion.
The latest development comes almost ten days after the firm announced the unstaking 206,300 ETH, worth around $407 million, as part of its preparations for “timely distributions to creditors.”
The lending firm, entangled in bankruptcy court proceedings since filing for Chapter 11 in July 2022, had then cited the need to guarantee sufficient liquidity for potential asset distributions.
Besides Celsius, FTX and Alameda Research also started the process of movi
We współpracy z: https://cryptopotato.com/celsius-executes-125-million-transfer-to-crypto-exchanges-in-repayment-drive/
