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Coinbase has halted its Ethereum staking reward payouts!

The company noted that a technical issue had been located, which should be fixed within 2-3 days.

-> Coinbase confirmed that #ETH staking is not impacted, and rewards continue to be earned and will be paid out

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Celsius withdrawing nearly $800 million of Ether from Lido

Celsius, of course, is the crypto lender which suspended withdrawals on June 12th, 2022. Getting caught up in the contagion that followed the spectacular death spiral of the Terra ecosystem a few weeks prior, it did not have the necessary funds on deck to honour the flood of withdrawal requests.

It was forced to declare bankruptcy, a gruesome $4.7 billion owed to creditors.

Now, it is trying to withdraw 428,000 ETH from Lido, equivalent to $779 million at current market prices. Transaction data on the blockchain can be seen here (withdrawn in increments of 1,000).

#ETH

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