Today, Celsius announced that it will sell some of its Ethereum in staking to finance the costs incurred during the restructuring process.
Celsius will unstake existing ETH holdings, which have provided valuable staking rewards income to the estate, to offset certain costs incurred throughout the restructuring process
— Celsius (@CelsiusNetwork) January 4, 2024
The company went bankrupt in June of last year, but still had some ETH in staking that were continuing to generate profit. With this decision, it will instead remove them from staking and sell a portion of them because it did not have enough funds to cover all expenses.
The goal is to eventually return part of the funds to the creditors, and the refunds will be distributed in BTC and ETH.
The failure of Celsius
Celsius was a company specialized in cryptocurrency lending.
In other words, it allowed cryptocurrency holders to deposit their funds on their platform in exchange for payment of interest.
The platform was centraliz
We współpracy z: https://en.cryptonomist.ch/2024/01/05/celsius-sells-ethereum-in-staking/
