TechFlow News — Earlier this week, cryptocurrency lending platform Celsius withdrew $500 million from Anchor Protocol. According to analysis conducted by The Block Research and blockchain data firm Hoptrail, wallets controlled by Celsius have sent at least 261,000 ETH (worth approximately $535 million at current prices) to Anchor Protocol over the past five months.
Igor Igamberdiev, a researcher at The Block Research, said Celsius transferred the funds withdrawn from Anchor Protocol into another lending protocol, Aave v2, in the form of Lido's stETH.
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