Posted 1/5/2024, 4:28:00 PM
Ethereum Validators Face Multi-Day Waits to Unstake Due to Spike in Exodus Requests After Celsius Bankruptcy
- Ethereum validators face multi-day waits to unstake amid backlog of requests
- Spike to over 16,000 validators trying to exit, up from just 26 the prior day
- Celsius bankruptcy & restructuring seems partially responsible for exit queue spike
- Celsius says "significant unstaking" coming to unlock ETH for creditor distribution
- Backlog has over $1 billion in ETH waiting to be withdrawn by validators