Celsius Delays Unstaking $470M Ethereum Funds

Crypto lending platform Celsius is set to unstake and sell around $470 million worth of Ethereum (ETH) to compensate customers. The company, which is going through bankruptcy proceedings, allegedly mishandled customer assets and its founder has been charged with fraud. In an effort to generate funds for a new mining and staking corporate spinoff to repay creditors, Celsius plans to liquidate its assets, including 206,319 ETH.