2023-07-19
Celsius, the crypto lending platform
that went bankrupt in July 2022, began liquidation of assets on July 17, 2023.
It sold $60 million worth of
cryptocurrencies including
$19.2 million worth of LINK
$13.6 million worth of MATIC
$7.8 million worth of SNX
$7.3 million worth of AAVE
The rest are small amount of BNB, UNI,
1INCH, ZRX and other tokens.
Celcius plans to liquidate $100
million worth of cryptocurrencies. All $100 million are expected to be sold out
within this week.
Celsius filed Chapter 11 for
bankruptcy in July 2022.
Former Celsius CEO, Alex Mashinsky was
arrested on July 13. Federal prosecutors alleged him of seven charges including
securities fraud, commodities fraud and wire fraud.
He said in front of the federal
court in Manhattan that he is not guilty. The court is investigating him whether
he is guilty or not and it is in the process of waiting for the court verdict.
