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Ethereum $3,432.71 +1.86%
BNB $637.67 -3.65%
Optimism $2.32 +5.17%
Arbitrum $0.92 +6.04%
Solana $236.09 -7.04%
Polygon $0.55 -4.32%
Cosmos $7.98 -9.02%
Avalanche $41.80 -0.61%

Bankrupt Celsius Network Moves $70 Million Worth of Altcoins Following Court Approval for Sale in Bitcoin and Ethereum

Celsius Network, a bankrupt crypto lender, has moved around $70 million worth of altcoins to different wallets following court approval to sell them for Bitcoin and Ethereum.

The altcoins transferred included Chainlink, Polygon, Synthetix, Avalanche and others, while the stablecoins involved in the transaction include Binance USD (BUSD), USD Coin (USDC) etc.

The lender was ordered to use reasonable efforts to maximize the value of these altcoins. Celsius Network currently holds crypto assets worth $614.28 million in its wallets, with BTC and ETH holdings accounting for over $400 million of its assets.

Bitcoin $93,482.66

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Bankrupt Celsius Network Moves $70 Million Worth of Altcoins Following Court Approval for Sale in Bitcoin and Ethereum

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