Celsius Starts Swapping Altcoins for Bitcoin, ETH; Chainlink, Aave, Others At Risk

Bankrupt crypto lender Celsius Network has begun the process of swapping altcoins for Bitcoin (BTC) and Ethereum (ETH). The recent court approval (June 30) granted the company permission to convert its altcoin holdings into the two leading digital assets, raising concerns about a potential sell-off of popular altcoins.
Celsius Network, known for its altcoin lending services, has been undergoing bankruptcy proceedings since July 2022 when it filed for Chapter 11 protection, revealing liabilities