Celsius

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 Celsius Network, which filed for bankruptcy in 2022, is selling its crypto holdings as the broader market recovers, partly due to Ripple’s&nbsp;<a href="https://crypto.news/xrp-ruling-triggers-crypto-rally-sec-accepts-bitcoin-etfs-binances-woes-mount-weekly-recap/" rel="noopener noreferrer nofollow">win</a>&nbsp;against the US Securities and Exchange Commission (SEC). 
 Data provided by Lookonchain shows that Celsius has already sold roughly $23.5 million worth of cryptocurrencies — including $8.5 million of chainlink (LINK), $7.84 million of synthetix (SNX), $3 million of BNB, $2.26 million from 1inch (1INCH), and $1.9 million worth of ox protocol (ZRX).&nbsp; 
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 Notice that <a href="https://twitter.com/hashtag/Celsius?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Celsius</a> started selling altcoins. 1.27M <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$LINK</a> ($8.5M), 2.83M <a href="https://twitter.com/search?q=%24SNX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SNX</a> ($7.84M), 12,597 <a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BNB</a> ($3M), 4.45M 1INCH ($2.26M), 8.53M <a href="https://twitter.com/search?q=%24ZRX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ZRX</a> ($1.9M), and 439K <a href="https://twitter.com/search?q=%24FTX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$FTX</a> ($713K) were transferred to <a href="https://twitter.com/hashtag/FalconX?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#FalconX</a>. And 186,149 <a href="https://twitter.com/search?q=%24BONE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BONE</a> ($235K) was deposited into <a href="https://twitter.com/hashtag/OKEx?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#OKEx</a>.<a href="https://t.co/Auf2S9Z2Z5" target="_blank" rel="noopener noreferrer nofollow">https://t.co/Auf2S9Z2Z5</a> <a href="https://t.co/Dbznr0w3Le" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/Dbznr0w3Le</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1680790940842340357?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 17, 2023</a> 
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 Moreover, screenshots shared by the data provider also suggest that Celsius has deposited almost 439,000 FTT, worth $713,000, to FalconX. In addition, the platform also transferred 186,149 BONE tokens, worth $235,000, to OKX, a cryptocurrency exchange. 
 You might also like: <a href="https://crypto.news/ftx-victim-raises-450k-for-liquid-token-startup/" rel="noopener noreferrer nofollow"> FTX victim raises $450k for liquid token startup </a> 
 As of July 6, Celsius held $164.46 million worth of assets, most denominated in CEL, the platform’s native token. 
 The sell-off comes after former Celsius CEO, Alex Mashinsky, is set to be&nbsp;<a href="https://crypto.news/former-celsius-ceo-mashinsky-to-be-released-on-40m-bail/" rel="noopener noreferrer nofollow">released</a>&nbsp;on a $40 million bail. Mashinsky was arrested on July 13 and has already posted bail, which a US district court judge granted. 
 Moreover, Celsius is one of many insolvent cryptocurrency firms that has encountered intense scrutiny lately. On July 10, Voyager Digital’s lenders&nbsp;<a href="https://crypto.news/voyager-creditors-withdrawals-surpass-250m-in-18-days/" rel="noopener noreferrer nofollow">withdrew</a>&nbsp;over $250 million of cryptocurrencies in 18 days. 
 Read more: <a href="https://crypto.news/long-term-bitcoin-indicators-suggest-a-slow-but-steady-rise-ahead/" rel="noopener noreferrer nofollow"> Long-term bitcoin indicators suggest a slow but steady rise ahead </a> 
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Celsius sells $23.5 million of tokens days after former CEO was arrest

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