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Crypto Lender Celsius’ $800M Ether Staking Shake-Up Stretches Ethereum Validator Queue to 44 Days

The embattled crypto lender has deposited $745 million of ETH to staking contracts in the last two days, significantly stressing the already-long waiting time to deploy new validators to the Ethereum network.

Updated Jun 2, 2023, 11:40 p.m. Published Jun 2, 2023, 11:40 p.m.
Celsius deposits ETH into staking contracts (Arkham Intelligence)
Celsius deposits ETH into staking contracts (Arkham Intelligence)