Celsius Moved $529M Worth Of Wbtc To Ftx Exchange: Should We Be Worried?

  • Posted on July 08, 2022
  • News
  • By FC Team
  • 743 Views

Embattled lending platform Celsius has transferred nearly 25,000 Wrapped Bitcoin (wBTC), worth $528.9 million to crypto exchange FTX, prompting concerns from some in the community about whether a dump may soon follow.The huge transfer to the exchange comes after the lending platform paid off its remaining $41.2 million of debt to Maker (MKR) protocol, freeing up its loan’s entire wBTC collateral.

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