Bankrupt cryptocurrency company Celsius Network (CEL) moved millions of dollars worth of altcoins to the stock market.
Celsius, which applied for bankruptcy protection last year and survived bankruptcy by getting approval from the court for repayment, took action again and signed a transfer of 50 million dollars.
Reported by on-chain analysis platform Spot On Chain to data according to Celsius In the transaction dated January 27, it was acquired by the US cryptocurrency exchange Coinbase. $2,257 with average $50.78 million worth 22,500 Ethereum (ETH) sent.
After this process, Celsius only had $90.9 million worth 39,969 ETH remained.
According to the Financial Times, when Celsius filed for bankruptcy last July, approximately $5.5 billion debt while there was $4.3 billion He had a presence around . Celsius owes approximately $1.2 billion to repay customers, and the company has sold tens of millions of dollars worth of altcoins in a short time.
The company is expected to continue exchange transfers and sales transactions for a while in order to provide cash to pay back its customers.