Celsius Shifts $40 Mln Ethereum To Coinbase Amid ETH Price Dip To $2,200

Celsius Network, a bankrupt crypto lender, has been on a sell-off spree as it is liquidating its crypto assets to repay its creditors. Most of the sell-off circles around Ethereum (ETH) as it constitutes a majority of Celsius’ reserves. In the latest development, the crypto lender transferred over $40 million worth of ETH to Coinbase, a leading crypto exchange.