The bankrupt crypto lender Celsius moved almost $900 million of ETH within a week! But to where? Read more in our latest article:
that the firm could be “lining up for staking directly without Lido in the middle.” The withdrawn ether may also be used as part of the platforms’ restructuring and creditor repayment plans.Earlier this month, Celsius enabled eligible users to withdraw the remaining 6% of distributable custody assets from the platform following court approval. The same users – mostly those who only ever held funds in custody accounts – were limited to withdrawing up to 94% of their funds until January this year.
The reimbursement move was viewed as a sign of progress for the now-defunct crypto lender, which froze user withdrawals last June as a result of tremendous pressure after the sudden implosion of blockchain project Terra and the subsequent meltdown of the crypto market.for consolidating US and UK entities amidst poor record-keeping allegations and glaring deficiencies in its internal systems.
Its founder Alex Mashinsky was accused of defrauding investors out of billions of dollars in crypto by hiding the “failing health” of the lending platform. The exec – who stepped down from his CEO role in September –
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Celsius moves to unstake hundreds of millions of dollars worth of ETHCelsius has begun withdrawing hundreds of millions of dollars worth of ether. Celsius has begun withdrawing hundreds of millions of dollars worth of ether from Lido Finance.
Read more »
Bitcoin Price Outlook for May – Market Updates Bitcoin NewsMidway through May and bitcoin has mostly fallen lower, as markets digested several key pieces of economic data.
Read more »
Amid ‘Regulatory Apparatus’ Against Crypto, Paul Tudor Jones Maintains Bitcoin Allocation – Bitcoin NewsPaul Tudor Jones affirmed that he maintains 'a small diversification' of bitcoin in his investment portfolio and always will.
Read more »
Okx Introduces New Ordinals Marketplace Amid Bitcoin Inscription and BRC20 Buzz – Bitcoin News'We see the potential of Bitcoin to expand its use cases into areas previously dominated by Ethereum,' the executive at Okx said.
Read more »
Bitcoin's Ordinal Inscriptions Surpass 7 Million Mark, Fueling the Trend’s Unstoppable Momentum – Bitcoin NewsAs of 9:00 a.m. Eastern Time on Tuesday morning, 7,204,882 Ordinal inscriptions have been added to the Bitcoin blockchain.
Read more »
Cashtokens Take Center Stage Following Bitcoin Cash Upgrade: Over 26,000 Tokens Created – Defi Bitcoin NewsCashtokens have been on the rise as the latest BitcoinCash network data shows over 26,000 tokens generated in the last 24 hours since the upgrade. BCH
Read more »