Celsius Network, a formerly prominent cryptocurrency lending platform, has announced plans to unstake its Ethereum holdings, worth approximately $227.03 million, to facilitate creditor repayments. This move is part of its asset preparation process, as the platform undergoes restructuring. The decision, communicated to its 243,000 social media followers, aims to unlock Ethereum for timely distributions to its creditors. This significant financial maneuver is a response to the various legal challenges faced by the company, including criminal charges against its former CEO, Alex Mashinsky, for allegedly defrauding investors. The online crypto community has expressed mixed reactions to this development, with concerns about market impact
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