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Coinbase's Technical Issue Leaves Ethereum Staking Withdrawals Stuck

Several Ethereum validators withdrew their cryptocurrency from the network's staking mechanism after the Shapella upgrade went live last month. However, some validators who withdrew to Coinbase wallets were unable to deposit their funds due to a lack of proper tech support.

As a result, their assets were stuck and not reflecting ether staking withdrawals on their Coinbase wallets. Coinbase has confirmed that there is a technical issue and that they are working on a solution, but they do not recommend configuring rewards and unstaking withdrawals from externally staked ETH to Coinbase ETH wallets until the issue is resolved.

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