Celsius transfers $125M of ETH to exchanges as FTX and Alameda dump
The embattled crypto firms have begun transferring large volumes of ETH to centralized exchanges amid wider efforts to start paying back creditors.
Embattled crypto lender Celsius has shifted more than $125 million worth of its Ether (ETH) to crypto exchanges over the past week amid plans to begin repaying creditors.
Between Jan. 8 and Jan. 12, Celsius transferred $95.5 million to Coinbase, while $29.7 million was transferred to FalconX, according to data from Arkham Intelligence.
The transfers included $18.7 million worth of Wrapped Bitcoin, $8 million worth of Ether, and $1 million worth of Pendle (PENDLE) to Coinbase and Binance.
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