The embattled crypto firms have begun transferring large volumes of ETH to centralized exchanges amid wider efforts to start paying back creditors.
Embattled crypto lender Celsius has shifted more than $125 million worth of its Ether (ETH) to crypto exchanges over the past week amid plans to begin repaying creditors.
Between Jan. 8 and Jan. 12, Celsius transferred $95.5 million to Coinbase, while $29.7 million was transferred to FalconX, according to data from Arkham Intelligence.
The transfers included $18.7 million worth of Wrapped Bitcoin, $8 million worth of Ether, and $1 million worth of Pendle (PENDLE) to Coinbase and Binance.
