Bankrupt Crypto Lender Celsius Transfers $75M of Ether to Staking Service Figment

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Bankrupt Crypto Lender Celsius Transfers $75M of Ether to Staking Service Figment
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.Celsius_Network’s transfer of almost 41,000 $ETH to figment_io is one of the crypto lender’s largest movements of funds since filing for bankruptcy in July. sndr_krisztian reports

Beleaguered cryptocurrency lender Celsius Network staked some $75 million of ether last week via Figment, an institutional-grade staking service, blockchain data shows.

by crypto intelligence firm Arkham Intelligence, Celsius transferred some 40,928 ETH to a crypto wallet spread through fourteen transactions between May 10 and May 12. The account is owned by Figment, who deposited the funds into staking contracts, according to Ethereum blockchain explorerThe transfer represents one of the largest movements of funds for the crypto lender since it filed for Chapter 11 bankruptcy protection in July.

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