Celsius waiting to unstake $470M in Ethereum amid bankruptcy
Celsius, a once-thriving crypto lending platform, is unstaking nearly $470 million in Ethereum as part of its bankruptcy proceedings. This move aims to provide liquidity for repaying creditors and marks a significant step in the company's efforts to manage its financial challenges. The action, highlighted by blockchain analytics firm Nansen, is a key development in the cryptocurrency market, reflecting the ongoing evolution and complexities of digital asset management.