Celsius, the troubled crypto lender, has transferred almost $900 million worth of ETH over the past week. The company moved around $20 million of ETH to Wintermute OTC and Custody Withdrawals, and also transferred 30,800 ETH, worth around $57 million, to a smart contract called “Figment ETH2 Beacon Depositor 1”. Celsius also unstaked the $779 million of ETH it had with the liquid staking derivatives protocol, Lido. The withdrawn ether may be used as part of the platform's restructuring and creditor repayment plans.
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Celsius Transfers Almost $900 Million Worth of ETH Amid Bankruptcy and Restructuring Process
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