Root Admin MrD Posted June 13, 2022 Root Admin Share Posted June 13, 2022 Celsius Network has halted withdrawals due to “extreme market conditions” as the $12bn digital asset lending platform comes under intensifying strains from a broad pullback across the cryptocurrency market. The group has faced mounting pressure in recent weeks as investors flee the market for crypto yield products, in which traders lend out their tokens in return for high rates of fixed returns. Celsius said on Monday that it was “pausing all withdrawals, swap, and transfers between accounts” to place it in “a better position to honour, over time, its withdrawal obligations”. https://www.ft.com/content/25ac1667-9f50-4f16-b553-448ea4582613 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now