Celsius Wallet Deposits $30 Million Worth of Ethereum to Coinbase and FalconX, Still Holds $1.3 Billion in Two Staking Wallets

According to crypto tracker Lookonchain, a wallet linked to the now-defunct crypto lending platform Celsius deposited $30.34 million worth of Ethereum (ETH) to Coinbase and $5.13 million worth of ETH to FalconX. Celsius' two staking wallets still hold a total of 557,081 Ethereum worth around $1.3 billion. The company filed for bankruptcy in July 2022 after its native token, CEL, dropped by 99% and it was unable to fulfill withdrawals. Celsius' founder, Alex Mashinsky, was arrested and charged with fraud in the US and is being sued by the SEC for allegedly raising billions of dollars by lying to customers and offering unregistered securities.