Celsius and FTX are two important institutions in the bankruptcy liquidation phase. These crums are big crypto- took an active part in asset transfers. Celsius and FTX moved millions worth of Ethereum (ETH), Polygon (MATIC), and Wrapped Bitcoin (WBTC) to the exchanges. This comes after both institutions promised to repay their official clients or creditors through their crypto treasuries.
Latest Sales of Celsius & FTX
Koinfinans.com According to on-chain analysis portal Ember CN, huge transactions were recorded via Celsius and FTX/Alameda wallet addresses in the last 24 hours. To speed up the bankruptcy liquidation process, Celsius recently granted 34.08 million MATICHe carried out a huge transaction of . The transaction was valued at $26 million and was routed to leading crypto exchange Binance.
Simultaneously, the FTX/Alameda address processed ETH and WBTC transfers. The institution moved 207 WBTC worth $8.6 million and 1150 ETH worth $2.85 million to Wintermute. Additionally, FTX initiated 135 WBTC transfers to Binance, worth a total of $5.6 million. These transactions indicate a major selling move by both. By Celsius and FTX.
Earlier, in the first week of January, Celsius officially confirmed the start of a recall and rebalancing initiative for crypto assets. However, to repay creditors Ethereum A special focus was placed on its reserves. The crypto lending platform has initiated such efforts to maintain sufficient liquidity for potential asset distributions.
Celsius then took decisive action, withdrawing 206,300 ETH at the time. The value of the withdrawn stock reached an estimated $467 million, based on the then-prevailing price of $2264.64.
FTX on January 9th and Celsius A mass transfer of $35.1 million in WBTC and ETH was recorded by . These crypto assets have entered major centralized exchanges, including Binance and Coinbase, as well as FalconX, a prominent crypto brokerage and trading firm.
FTX and Alameda initiated a $11.72 million shift in WBTC and ETH towards Binance and Coinbase, according to SpotOnChain analysis. This transaction involved transferring 200 WBTC worth $9.39 million to Binance. At that time, 1000 ETH worth $2.33 million were transferred to Coinbase.
In addition, Celsius transferred 10,000 ETH worth $23.39 million to Coinbase and FalconX. However, despite this move, Celsius continued to maintain a significant ETH stake, holding 556,927 ETH, worth an impressive $1.28 billion.