Key Takeaways
- Accounts tied to Celsius moved 40,928 ETH into staking contracts on platform Figment from May 10 to May 12.
- This 41,000 ETH staked adds to the $300,000 in ETH currently staked by Celsius.
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Celsius Network, a defunct crypto lending platform, transferred 40,928 ETH, or $70 million, to staking service Figment last week, according to data from crypto intelligence firm Arkham Intelligence.
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Over the past week, wallets labeled as Celsius Network have come back online, depositing millions of dollars in ETH in ETH2 Staking Contracts with Figment.
In total, Celsius has sent 30.8K ETH to be deposited, worth $56.98M! pic.twitter.com/J7Ja44C65k
— Arkham (@ArkhamIntel) May 15, 2023
The transfer was spread across 14 transactions between May 10 and May 12 and put into staking contracts owned by Figment, according to Etherscan. It is considered the largest movement of funds for Celsius since filing for Chapter 11 bankruptcy protection in July 2022.
Tom Wan, research analyst for 21co — the parent company of 21shares — further confirmed:
.@CelsiusNetwork has staked 40.9k $ETH via
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Author: Emily TonelliDid you like this?
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