Celsius Network Transferred $125 M in ETH; Good for Creditors?

Celsius Network Transferred $125 M in ETH; Good for Creditors?

1
Celsius Network transferred $95.5 Million of Ethereum to Coinbase and $29.7 million to FalconX, according to Arkham Intelligence. 
2
The remaining ETH balance with the bankrupt crypto lender is 580,000 ETH. 
3
On the first day of the market, the ETF hype gathered over $400 Million in the market. 
An on-chain analysis firm Arkham Intelligence posted some screenshots on its ‘X’ handle of the transactions performed by the bankrupt crypto lender, Celsius Network. 
The screenshots showed that Celsius performed dozens of transactions between January 8 to January 12, including transfers worth $95.5 Million of Ethereum to Coinbase and $29.7 Million to FalconX. 

Looks like Celsius took the opportunity to unload >$125M of ETH over ETF Week.
In the past week, they’ve deposited $95.5M to Coinbase and sent $29.73M to FalconX.
They still have $1.4 billion (540K ETH) remaining.https://t.co/jp1PJbN46r pic.twitter.com/xgfX6yU5Ye
— Arkha

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