Bankrupt Celsius Network (CRYPTO: CEL) has taken a major step in its financial restructuring.
The Crypto lender announced the unstaking of a large portion of its Ethereum (CRYPTO: ETH) holdings.
This decision is a crucial part of Celsius's broader strategy to facilitate repayments to creditors owed funds.
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Implications For Creditors: The primary goal of unstaking of Ethereum is to facilitate the process of asset distribution to Celsius's creditors.
By converting its Ethereum holdings, which have been a key source of staking rewards income, Celsius addressed the need ...