Celsius transferred $74.3 million in Ethereum to Figment staking service

Celsius Network transferred 40,928 ETH (~$74.37 million) to the account of the institutional-oriented staking service Figment. A series of 14 transactions from May 10 to May 12 were recorded in Arkham Intelligence.

These are some of the firm's largest transfers since filing for Chapter 11 bankruptcy in July 2022.

Placing funds in Figment will allow Celsius to generate income during the restructuring.