Market participants shared concerns that cryptocurrency lender Celsius might sell $500 million Bitcoin (CRYPTO: BTC ) transferred to FTX on Thursday.
What Happened: The Celsius Network sent 24,462 Wrapped Bitcoin (CRYPTO: WBTC ) to crypto exchange FTX, according to a transaction flagged by blockchain tracker Whale Alert .
24,462 #WBTC (510,853,104 USD) transferred from Celsius Network to #FTX https://t.co/HFTdffD1fu
— Whale Alert (@whale_alert) July 7, 2022
WBTC is a tokenized version of Bitcoin on the Ethereum (CRYPTO: ETH ) blockchain. In this context, the WBTC ...
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