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Embattled Crypto Lender Celsius Allocates $25M for Withdrawals, Burns $500M in WBTC

By coindesk.com on March 8, 2023


Celsius Network established a crypto wallet with $25 million of crypto assets for the lender’s custody account holders to withdraw, Arkham Intelligence said in a report. Eligible customers have withdrawn some $17.7 million of crypto assets, the firm’s chief executive said in a Wednesday court hearing.

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Related coins: Celsius, Wrapped Bitcoin