Celsius moves $781M in stETH just as Lido withdrawals open
The bankrupt crypto lender has been moving its massive stash of staked Ethereum. It appears that embattled crypto lender Celsius is wasting no time in shifting its Ethereum 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 . On-chain data points to Celsius performing a test withdrawal of 0.1 stETH a few hours later. Celsius stETH transfer – Etherscan.io According to Bitcoin pioneer and Celsius creditor Simon Dixon, Celsius could be “lining up for staking directly without Lido in the middle.” It could also be loan collateral for Celsius restructuring plans, he added. 428k #Celsius $stETH on the move - likely lining up for staking directly without #LIDO in the middle. That’s the loan collateral propos...