Bankrupt cryptocurrency loan company Celsius Network is trying to repay its creditors.It continues to withdraw the Ethereum it has taken and transfer it to the exchanges.
Celsius Network (CEL), which announced at the beginning of January that it would withdraw the Ethereums (ETH) it had staked in order to distribute the shares of creditors, took action again and started issuing shares to the exchanges. More than $125 million in Ethereum sent.
According to data by on-chain analysis platform Arkham Intelligence, Celsius, which has been continuing Ethereum transfers for a while, continued these transactions last week. to Coinbase approximately $95.5 million worth Ethereum and $29.73 million to FalconX worth of Ethereum transferred.
Currently available in 2 different staking wallets of Celsius $1.38 billion worth 539 thousand ETH is available. The company is particularly concerned about spot Bitcoin ETF approval. Taking advantage of rising prices It has accelerated Ethereum transfers in recent weeks.
Celsius Network faced a liquidity crisis after the events in the cryptocurrency market last year and stopped withdrawals. It filed for bankruptcy in July 2022.
According to CoinGecko data, in the last 24 hours 1.5% Ethereum losing value at the time of writing from $2,510 is being traded.