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Celsius Unstakes $470M Ethereum, Initiates Bankruptcy Distribution for Creditors
Crypto lending platform Celsius has taken a significant step by unstaking a substantial $470 million worth of Ethereum, marking a pivotal move in the context of its bankruptcy proceedings. This decision initiates a distribution process for creditors, signifying Celsius's commitment to resolving financial obligations transparently. The unstaking of Ethereum assets underscores the platform's dedication to prioritizing creditors' interests and facilitating a fair and efficient distribution of funds. As the crypto community closely observes this development, it serves as a noteworthy example of responsible financial management within the blockchain space. The unfolding events will undoubtedly shape discussions around accountability and transparency in the broader crypto lending ecosystem. :globe_with_meridians::briefcase: #Celsius #CryptoLending #BankruptcyDistribution Source: Cointelegraph
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