Saturday, April 27, 2024

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It appears that embattled crypto lender Celsius is wasting no time in shifting its staking tokens from liquid staking platform Lido, which has just enabled withdrawals.

On May 15, a transaction was identified on Celsius wallets for 428,015 stETH (Lido staked Ether) to the Lido staked Ethereum wallet. The whopping stash was worth $781 million at the time of transfer, which some believe is in preparation for withdrawal.

Celsius stETH transfer. Source: Etherscan