Other assets sent to FalconX include $2.1 million worth of 1inch<\/a>$1.87 million in 0x Protocol’s ZRX<\/a> token, and $718,000 worth of FTX’s native token, FTT<\/a>,<\/p>\n Meanwhile, the bankrupt lender also transferred roughly $235,000 worth of ShibaSwap’s BONE to the OKX exchange.<\/p>\n The transactions were corroborated by blockchain investigator, Lookonchain, who added that FalconX was depositing<\/span><\/a> the altcoins to Binance.<\/p>\n The transactions appear to be the on-chain evidence that the lender is looking to liquidate the digital asset for Bitcoin (BTC<\/a>) and Ethereum (eth<\/a>in line with its recent court approval<\/a>,<\/p>\n Following the recent transfers, Dune analytics date<\/a> shows that Celsius still holds around $183 million worth of altcoins, including its cel<\/a> token, Polygon’s Matic<\/a>Avalanche’s Avax<\/a> tokens, stablecoins, and others.<\/p>\n Celsius’s altcoin holding is dominated by its CEL token, worth $106.28 million at the time of writing.<\/p>\n On June 10, blockchain analytical firm Kaiko warning<\/a> that Celsius could have trouble liquidating some of its altcoins because of liquidity issues. The firm highlighted how liquidity for CEL is almost non-existent and how the liquidations of other assets could exert pressure on the crypto market.<\/p>\n Meanwhile, the chart above shows that Celsius’s BTC and ETH holdings account for over $350 million of the total assets in its portfolio.<\/p>\n Amid Celsius’s efforts to liquidate its assets, the bankrupt firm agreed<\/a> to a $4.7 billion fine with the Federal Trade Commission (FTC) on July 13.<\/p>\n Meanwhile, Celsius co-founder Alex Mashinsky also faces charges from US regulators, including the Securities and Exchange Commission (SEC), which allegedly<\/a> that he violated federal securities law. Mashinsky is out on a $40 million bail<\/a> after he was arrested on July 13.<\/p>\n Other regulatory agencies, including the US Department of Justice, CFTC, and FTC, also filed charges against him.<\/p>\n The post Bankrupt Celsius transfers $24M worth of altcoins to FalconX, OKX<\/a> appeared first on CryptoSlate<\/a>,<\/p>\nCelsius still holds over $180M worth of altcoins.<\/h2>\n
![\"Celsius](\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-17-113411.jpg\")
Celsius co-founder faces court battle.<\/h2>\n