Celsius Transfers $75 Million Ether to Staking Platform, Expects Business Turnaround

Bankrupt Celsius Network Transfers Over $75 Million Ether To Staking Platform Via Figment, Institutional Staking Platform

Celsius’s ETH Staking deposited with Figment data from Arkham Intelligence.

informationAccording to Arkham Intelligence, Celsius transferred 40,928 ETH to the crypto wallet broken down into 14 transactions between May 10-12, 2023. This Ether Enters the Staking Contract

The move marks a major transaction for Celsius, which recently declared bankruptcy, Celsius was one of the platforms affected by the debacle of Terra.

This staking transfer plan is one of Celsius’ turnaround plans, which will yield a 5.6% annual return.

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