Crypto lender Celsius Network is causing further congestion on the Ethereum network by moving ETH into staking contracts, adding almost a week to the already month-long queue to establish new validators. The transfers come as Celsius restructures after filing for bankruptcy protection in July. The company has already redeemed $813m of staked ETH from Lido Finance and deposited $745m of ETH since June 1. The lender's latest staking deposits have stretched the queue to 44 days and one hour, according to Ethereum tracking website Wenmerge.
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Crypto Lender Celsius Network Shakes Up ETH Staking Strategy, Congesting Ethereum Network Validators Queue
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