Crypto lender Celsius to unstake $470M in Ethereum ahead of repayments
The crypto lender has 206,300 Ether (ETH) currently in the staking withdrawal queue, according to Nansen.
Embattled crypto lending platform Celsius has confirmed it has started recalling and rebalancing its crypto assets, including Ether (ETH), as it prepares for “timely distributions to creditors.”
On Jan. 5, the lending firm, which has been in bankruptcy court since its Chapter 11 filing in July 2022, stated that it has begun shifting assets to “ensure ample liquidity” in preparation for any asset distributions.
Celsius added that it will unstake its existing Ether holdings, “which have provided valuable staking rewards income to the estate.”
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