Celsius Moves $64M in LINK, MATIC, AAVE and Altcoins Following Court Permission to Sell Tokens

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Celsius Moves $64M in LINK, MATIC, AAVE and Altcoins Following Court Permission to Sell Tokens
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Bankrupt crypto lender CelsiusNetwork transferred some $64 million of altcoins including $LINK, $MATIC and $AAVE to its OTC wallet from a Fireblocks custody wallet on Thursday afternoon, blockchain data on ArkhamIntel shows. sndr_krisztian reports

Celsius Network’s altcoin holdings have been on the move following a U.S. bankruptcy court’s decision to allow the bankrupt crypto lender to sell the tokens for bitcoin and ether starting this month.

Blockchain data by Arkham Intelligence shows that the firm transferred at least $64 million of cryptocurrencies to a wallet labeled as “Celsius Network: OTC” from the company’s “Fireblocks Custody” wallet in multiple transactions Thursday afternoon. The largest transactions were $19.3 million in Chainlink’s LINK token, $14.7 million in Polygon’s MATIC, $7.5 million in AAVE and $6.1 million in SNX. Other notable tokens transferred include Uniswap’s UNI, Binance’s BNB and 1INCH.

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