💰Eighteen months after #Celsius Network paused withdrawals, the bankrupt crypto lender has started distributing over $3B of #cryptocurrency to creditors.

According to The Plan, the company will distribute over $3 billion of cryptocurrency and fiat to Celsius’ creditors, and create a new #Bitcoin mining company—Ionic Digital.

The company has been depositing $ETH on major #CEXs for the past 3 months, moving a total of 847,626 $ETH (~$1.90B). The last transaction included a deposit of 67,500 $ETH ($156.5M) to Coinbase Prime.

If you want to follow Celsius' transactions on-chain and see when they will distribute the remaining $153.9M in crypto remaining in their treasury, there are 19 addresses you should look for. These are the addresses the bulk of the crypto is held on:

👉0x41318419cfa25396b47a94896ffa2c77c6434040

👉0x455257963812c008ce8edf3d08cb48e95c8aa2e2
👉0xf87143bb93b44a45fe886e1e09a581712f917665
👉0x79439b8a895d347e47cebea8a39bc8b3d9a20f63
👉0xdb31651967684a40a05c4ab8ec56fc32f060998d
👉0xc131701ea649afc0bfcc085dc13304dc0153dc2e
👉0x4a87ecdfb459eb36d25226d9ccd7ec4f684ab3fc

Fortunately for us, the company won't sell its crypto holdings and distribute cash, but will rather directly send crypto to its users.

This will not put pressure on the market, which means that we should not expect any declines in prices🚀

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