Celsius Deposits $35M Ethereum to Exchanges Amid Ongoing Bankruptcy and Legal Troubles
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Celsius Wallet deposited over $35M worth of Ethereum (ETH) to crypto exchanges Coinbase and FalconX.
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Celsius still holds over $1.3B worth of Ethereum in its staking wallets.
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Celsius filed for bankruptcy in July 2022 amid issues with its native token and inability to process withdrawals.
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Celsius founder Alex Mashinsky was arrested and is being sued by the SEC for fraud.
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A judge approved a plan for a new Celsius mining/staking spinoff ("NewCo") to repay creditors with $450M in liquid crypto assets.