https://decrypt.co/104651/celsius-pays-back-maker-loan-moves-440m-bitcoin-ftx
After freezing client withdrawals, transfers, and exchanges for nearly a month, Celsius took steps to "stabilize liquidity." In short, it paid off its $440 million loan and withdrew the collateral of wrapped bitcoin (WBTC) with equal amount.
A few hours later, users on Twitter and Reddit noticed that Celsius had moved the collateral to a crypto exchange FTX wallet.
And now there are about half million WBTC on the exchange that will likely be sold to help Celsius meet its customer obligations.
Are you a bitcoin holder? Watch out for this possible dump!!
