Celsius moves $70 million of altcoins following ruling it can swap to bitcoin and ether

So far, around $74 million of altcoins including Synthetix, Uniswap and ZRX were moved from one wallet to another. This included some stablecoins isuch as USDC and USDT. In one case, tokens were sent on to a wallet associated with market making firm Wintermute.that Celsius could start converting its altcoins into bitcoin and ether from July 1. It's unclear if it will be selling all of its tokens and what proportion of each coin it will be buying.

According to crypto data platform Arkham, the Celsius wallets contain around $615 million of crypto, including $296 million of bitcoin and $120 million of ether. They also have $100 million of Celsius' own token CEL and around $30 million of stablecoins. This leaves around $69 million across the remaining altcoins.

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Celsius Could Sell More Than $170M in Altcoins in Bankruptcy Proceedings | CoinMarketCapCryptoNews: Celcius held 90 million $MATIC, 103 million $ADA, 161,000 $SOL, 3.3 million $LINK, 1.8 million $DOT, 200,000 $LTC, and 106,000 $AAVE on Nov. 25, 2022, according to court documents.
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