Celsius' ETH Unstaking Plans Cause Ethereum Validator Exit Queue to Peak at Over 16,400
The Ethereum validator exit queue has reached a record high of over 16,400, with waiting times of more than 5 days. This surge in validator exits may be linked to Celsius, a bankrupt crypto lending platform that is recalling and rebalancing assets, including Ethereum, to repay its creditors. Celsius has stated that the significant unstaking activity in the next few days will unlock ETH to ensure timely distributions to creditors. This move has positive implications for customers who have been waiting for the return of their funds after 18 months of uncertainty.
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