Celsius Sent $500M Wrapped Bitcoin To FTX: Selloff Imminent?

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 ... Full story available on Benzinga.com