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Celsius set to unlock $470M Ethereum for creditor repayments

Posted on 01/05/2024

Celsius set to unlock $470M Ethereum for creditor repayments

Celsius, in bankruptcy since 2022, begins unstaking 206,300 ETH ($468.5M) for creditor distributions. Market speculates on a potential ETH “dump,” while some see Celsius’s move as relieving pressure on Ethereum. Earlier focused on Bitcoin mining post-bankruptcy, Celsius faces scrutiny for abrupt strategic shift. Embattled crypto lending platform Celsius is making waves as it unveils plans […]

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