Celsius Network transfers millions of old coins of cryptocurrency brokers Falconx and OKX exchange to liquidate assets

Celsius Network transfers millions of old coins of cryptocurrency brokers Falconx and OKX exchange to liquidate assets
Insolvent cryptocurrency loan Celsius Network transfers old coins worth millions of dollars
Celsius Network, an insolvent cryptocurrency loan, carried out significant transfers from old coins. A total of $ 8.46 million were transferred to the cryptocurrency brokerage company Falconx.
The old coins that were transferred to Falconx included Chainlink (link) worth $ 8.46 million, synthix (SNX) worth $ 7.71 million and BNB worth $ 3.06 million. In addition, 1 inch worth $ 2.1 million, the ZRX token of the 0x protocol worth $ 1.87 million and the native token FTT from FTX worth $ 718,000.
Furthermore, Celsius Network transferred the Bone token from Shibaswap worth around $ 235,000 to the OKX exchange. These transactions indicate that the lender intends to liquidate the digital assets in Bitcoin (BTC) and Ethereum (ETH), as was approved by the court.
According to Dune Analytics, Celsius still has old coins with a total value of around $ 183 million, including its CEL token, polygons Matic, Avalanches Avax-token, StableCoins and others. The CEL token dominates Celsius's old coin stock, which currently has a value of $ 106.28 million.
The transfers of the old coins to the Falconx and OKX wallets indicate that Celsius Network takes measures after the bankruptcy to liquidate his assets. This step is in accordance with the approved legal proceedings of the lender and underlines his efforts to convert old coins into Bitcoin and Ethereum.