Cryptocurrency news by Protos

Ethereum Shapella update leaves $1.4B stuck in withdrawal queue


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Crypto traders may have to wait weeks to withdraw funds from the Ethereum blockchain following the launch of its long-awaited ‘Shapella’ software upgrade.


As reported by Reuters, Shapella was intended to unlock $30 billion worth of ether (ETH) staked by investors. However, according to data firm Nansen, around $1.4 billion is currently stuck in a withdrawal queue.


Listen to the article to find out the reason behind the delays.


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Cryptocurrency news by ProtosBy Protos