Celsius Network, a crypto company in the final stages of bankruptcy, has revealed its plan to unstake approximately $470 million worth of Ether tokens to meet its repayment obligations to creditors. The company aims to recall and rebalance its crypto assets to facilitate timely distributions to creditors and emerge from bankruptcy proceedings. This move is expected to benefit customers who have been waiting for funds for over a year. Nansen's blockchain analytics data shows that Celsius Network has 206,300 Ether tokens in the staking withdrawal queue, valued at $468.5 million. While concerns have been raised about the potential impact on Ether's price upon the release of these tokens, some argue that it could be positive for the market's long-term health. Celsius Network, which experienced a collapse during the 2022 crypto contagion, has since shifted its focus to Bitcoin mining. [9e281443]