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Bankrupt Celsius Network Channels $75 Million of Ether to Figment Staking Service – What's Going On?

The bankrupt crypto lender Celsius Network has staked close to $75 million worth of ETH via the staking service Figment, on-chain data has revealed. The massive transfer from Celsius to Figment was made via fourteen sepa...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Bankrupt Celsius Network Channels $75 Million of Ether to Figment Staking Service – What's Going On?
The bankrupt crypto lender Celsius Network has staked close to $75 million worth of ETH via the staking service Figment, on-chain data has revealed.
The massive transfer from Celsius to Figment was made via fourteen separate transactions made between May 10 and 12, and totaled some 40,928 ETH or about $74.5 million by Tuesday’s exchange rate.
The funds were sent to a smart contract labeled “Figment: Eth2 Depositor 1” by blockchain explorer Etherscan....
Read More: Bankrupt Celsius Network Channels $75 Million of Ether to Figment Staking Service – What's Going On?

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This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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