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Celsius Network Continues Asset Liquidation Post-Bankruptcy

Crypto lending company Celsius Network, following its 2022 bankruptcy, continues to sell its assets as part of its restructuring steps. The company most recently deposited 34.09 million units of Polygon‘s MATIC to the cryptocurrency exchange Binance. Shaking the cryptocurrency market with its 2022 bankruptcy, Celsius Network continues to sell its assets as part of post-bankruptcy restructuring. According to the on-chain data provider Spot On Chain, Celsius Network deposited approximately $25.7 million worth of 34.09 million MATIC to Binance within about 12 hours. On-chain data shows that the bankrupt crypto lending company deposited 56.8 million units of MATIC worth $44.5 million to Binance.


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