Beleaguered crypto lender Celsius has now withdrawn all staked Ethereum (stETH) collateral after repaying its USDC loan completely on Aave and sent it all to another address. In fact, the address seems to be of COINBASE Custody after CEO Ryan Bozarth hints they bought stETH from the crypto lender at discount.
Meanwhile, the pressure on Celsius to disclosure their financials are rising after Vermont joins other U.S. states in investigating the troubled crypto lender.
Is Celsius Selling stETH to Coinbase Custody
Celsius has paid off its outstanding USDC loan on Aave completely and withdrawn 10,463 stETH collateral worth $11 million. Yesterday, the crypto lender withdrew 400,000 stETH worth $416 million from the Aave address. The outstanding debt on the Aave wallet is REN worth $72,809.
According to Zapper.fi, the Celsius Wallets Combined shows the total outstanding debt has now been reduced to $50 million. Celsius is now left with its Compound loan of $50 million in DAI. There is also an outstanding $3.20 million fUSDC debt from Notional Finance that is to be repaid by September 25.
Interestingly, Celsius has transferred these 410,513 stETH, including 400,000 stETH, 43 stETH, and 10,463 stETH in two transactions to an unknown wallet address. The wallet now has 410,513.08 stETH worth $435 million.
