- The whole worth of the stETH tokens that Celsius is making an attempt to withdraw is roughly $437.7 million.
- The corporate nonetheless holds a further 188,000 stETH tokens, price about $342 million.
- Celsius filed for chapter in 2022
Celsius Community, a cryptocurrency lending platform that filed for chapter amid the crypto winter, is unstaking tens of millions of {dollars}’ price of ether (ETH).
The funds being unstaked are at present held as staked ether tokens on Lido Finance, a decentralized finance (DeFi) platform that permits customers to stake ETH and earn rewards. Lido Finance enabled withdrawals of staked ETH as a part of an improve this week.
Celsius withdrawing staked ETH
As soon as withdrawn, Celsius will obtain the underlying ETH in trade for the stETH tokens. Blockchain information signifies that Celsius has initiated withdrawal requests for 240,000 stETH price roughly $437.7 million, with a further 188,000 stETH tokens, price about $342 million, remaining.
It’s possible Celcius will use the withdrawn ETH as a part of its restructuring and creditor compensation efforts, with collectors owed $4.7 billion.
- The whole worth of the stETH tokens that Celsius is making an attempt to withdraw is roughly $437.7 million.
- The corporate nonetheless holds a further 188,000 stETH tokens, price about $342 million.
- Celsius filed for chapter in 2022
Celsius Community, a cryptocurrency lending platform that filed for chapter amid the crypto winter, is unstaking tens of millions of {dollars}’ price of ether (ETH).
The funds being unstaked are at present held as staked ether tokens on Lido Finance, a decentralized finance (DeFi) platform that permits customers to stake ETH and earn rewards. Lido Finance enabled withdrawals of staked ETH as a part of an improve this week.
Celsius withdrawing staked ETH
As soon as withdrawn, Celsius will obtain the underlying ETH in trade for the stETH tokens. Blockchain information signifies that Celsius has initiated withdrawal requests for 240,000 stETH price roughly $437.7 million, with a further 188,000 stETH tokens, price about $342 million, remaining.
It’s possible Celcius will use the withdrawn ETH as a part of its restructuring and creditor compensation efforts, with collectors owed $4.7 billion.
