Celsius' $800M ETH Staking Extends Ethereum Queue
Celsius Ethereum Staking Celsius is reshuffling its staked ETH holdings after Ethereum’s Shanghai upgrade allowed withdrawals from staking contracts. This strategic shake-up has caused the queue to stretch to 44 days , with Celsius potentially adding nearly a week of delay, according to Tom Wan of 21Shares. advertisement Previously, Celsius held 460,000 ETH ($870 million) staked with Lido Finance and deployed 160,000 tokens ($300 million) in their own staking pool. CoinGape reported that it has reportedly withdrawn 428,000 staked Ethereum (stETH) valued at $780 million. Bankrupt Crypto Lender Case The reshuffling of staked assets coincides with Celsius’ ongoing efforts to restructure following a bankruptcy protection filing in July. The company faced liquidity issues due to plummeting cryptocurrency prices and a surge in user withdrawals. Recommended Articles ...