Celsius: In the coming days, a large-scale unbonding of ETH will take place to ensure timely distribution to creditors

ChainCatcher message, Celsius Network posted on the X platform stating that during the preparation of asset distribution, Celsius has begun the process of asset recovery and rebalancing to ensure sufficient liquidity.

Celsius will unstake its existing ETH holdings to offset certain costs incurred during the entire restructuring process. A large-scale unlocking of staked assets in the coming days will release ETH to ensure timely distribution to creditors.