Ethereum Validators Forced to Wait Days to Unstake Amid Celsius Withdraws

The exit queue for Ethereum validators spiked to over 16,000 on Friday, while it was just at 26 the previous day, according to blockchain data from The queue represents more than $1 billion worth of staked ETH at current prices, but the large backlog means it could take up to 5.6 days for that ETH to get back into the hands of its depositors.

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