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International Business Times
International Business Times
Business
Nica Osorio

Bankrupt FTX And Celsius Move Multi-Million Dollars In ETH To Various Exchanges

Celsius FTX United States Crypto Bitcoin Coinbase
Cryptocurrency coins including Ethereum, Bitcoin, Ripple, and Litecoin on a scattered pile of U.S. 100 dollar bills. (Credit: QuoteInspector.com/flickr)

KEY POINTS

  • Ethereum showed impressive price action this week, reaching as high as $2,300
  • Celsius deposited 7,500 ETH, worth around $17.4 million, in digital assets brokerage FalconX on Thursday
  • ETH was trading in the red zone at $2,269.91 in the early hours of Friday

Bankrupt cryptocurrency platforms Celsius Network and FTX moved millions of dollars in Ether to various centralized exchanges on Thursday, raising fears among holders of a potential dump in the market that could pull the price of the crypto asset.

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