Celsius Applies to Sell Its Stablecoin Holdings to Fund Operations

Sept 16,2022
KingData News: Crypto lending platform Celsius has applied to the court for authorization to sell its stablecoin holdings to help fund operations. celsius currently holds 11 stablecoins with a total value of approximately $23 million.
On June 13, digital asset lending platform Celsius Network announced that it would suspend all withdrawals, swaps and transfers between accounts due to extreme market conditions. On the same day, Etherscan data showed that Celsius transferred a total of approximately 111,815 ETH to FTX over the last three days. This indicator provides a real-time tracking of Celsius' funding crisis.
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