Bankrupt crypto lending platform Celsius Network (CEL) continues altcoin transfers to repay its creditors.
Celsius, which applied for bankruptcy protection last year and survived bankruptcy by receiving approval from the court for repayment, continues its altcoin transfers. Reported by on-chain analysis platform Lookonchain to data according to last 30 November The company that took action on the day $19.5 million worth 9,600 ETH cryptocurrency exchanges coinbase And to OKX transferred.
Celsius signed a similar transfer on November 29 and listed it on the stock exchanges. $62 million altcoin he had sent. The exchange transfers these altcoins for sale and the revenues it will obtain from sales. to pay creditors It is thought that he will use it.
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 .
On the other hand, sales transactions made by the company in recent weeks received a positive response in the court process. A recently shared court document stated that Custodial Program customers with “Class 6A General Custody Requests” and/or Class 6B Withdrawal Custody Requests can begin withdrawing their funds from the platform “on or around November 29.”
Although the company’s native token, CEL, is not significantly affected by these developments, October since about 60% gained value. According to CoinGecko data, in the last 24 hours 0.5% rise exhibiting CEL, at the time of writing from $0.247 is being traded.