Coinbase Works to Fix Wallet Support for Ethereum Staking Withdrawals Stuck in Limbo

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Coinbase Works to Fix Wallet Support for Ethereum Staking Withdrawals Stuck in Limbo
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EXCLUSIVE: Coinbase currently doesn't support ETH staking withdrawals from external validators, even after Ethereum’s Shapella upgrade allowing the exits went live in April. reporting

But some validators who withdrew to wallets hosted by the big U.S. crypto exchange Coinbase were treated to an unwelcome surprise: The proper tech support wasn’t in place to receive these deposits, so the funds were stuck.

“Our systems currently do not support deposits to Coinbase ETH addresses from external validators,” a customer support representative told CoinDesk. “Funds may be stuck until we are able to support these transactions.”

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