Celsius dissolves ETH worth several million dollars
Celsius dissolves ETH worth several million dollars
The total value of the Steth tokens that Celsius tries to withdraw, is about $ 437.7 million.
Celsius Network, a cryptocurrency credit platform that has filed for bankruptcy in the middle of the crypto winter, Ethher (Eth) quits with several million dollars.
The unemployed funds are currently kept as a demarcated ether token on Lido Finance, a decentralized financial platform (Defi) that enables users to set ETH and earn rewards. Lido Finance made it possible to withdraw from the ETH.
used as part of an upgrade.Celsius withdraws Disassemented ETH
After the payment, Celsius receives the underlying ETH in exchange for the Steth token. Blockchain data for 240,000 Steth worth around $ 437.7 million and another 188,000 Steth token worth around $ 342 million are left.
It is likely that Celcius will use the withdrawn ETH as part of its restructuring and creditor repayment efforts, whereby the creditors are $ 4.7 billion.
Source: Coinlist.me
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