News Explorer — Celsius Network to Unstake Ethereum Holdings – Decrypt
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Celsius Network, the bankrupt cryptocurrency lender, has announced plans to unstake its Ethereum holdings to distribute assets to creditors. The unstaking event is scheduled to take place in the next few days and will provide an income stream to offset costs incurred during the restructuring process. Celsius filed for Chapter 11 bankruptcy protection in July 2022 after facing a liquidity crisis and freezing withdrawals.
Celsius Network, the bankrupt cryptocurrency lender, has announced plans to unstake its Ethereum holdings to distribute assets to creditors. The unstaking event is scheduled to take place in the next few days and will provide an income stream to offset costs incurred during the restructuring process. Celsius filed for Chapter 11 bankruptcy protection in July 2022 after facing a liquidity crisis and freezing withdrawals.
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