Celsius to unstake $470M Ethereum amid restructuring efforts, raising market concerns

Bankrupt crypto lender Celsius will unstake 206,300 Ethereum, worth around $470 million, as part of efforts to facilitate the distribution of assets to creditors, according to a Jan. 4 statement on social media platform X (formerly Twitter). Celsius said the planned “significant” unstaking event will occur in the next few days and further revealed that...