Crypto Lending Service Celsius Pauses Withdrawals, Citing 'Extreme Market Conditions'

Crypto lending service Celsius announced early Monday it would pause withdrawals, citing"extreme market conditions."it would also pause its swap and transfer products, according to a blog post. It did not provide a timeline for resuming withdrawals.

"We are working with a singular focus: to protect and preserve assets to meet our obligations to customers. Our ultimate objective is stabilizing liquidity and restoring withdrawals, Swap, and transfers between accounts as quickly as possible. There is a lot of work ahead as we consider various options, this process will take time, and there may be delays," the blog post said., after former CFO Yaron Shalem was arrested by Israeli police in 2021.

CelsiusNetwork nikhileshde I work there… are you guys hiring? 🥹

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CelsiusNetwork nikhileshde That’s bullshit

CelsiusNetwork nikhileshde another fraud project just waiting market bear to exit scam

CelsiusNetwork nikhileshde when you started lending peoples bitcoin irresponsibly and now you do not have any bitcoin to give back to people, so you block withdrawals. Scam

CelsiusNetwork nikhileshde oh oh..

CelsiusNetwork nikhileshde They couldn't hang 😂

CelsiusNetwork nikhileshde It's called gating an unregulated hedge fund

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CelsiusNetwork nikhileshde LUNA then Celsius then USDT

CelsiusNetwork nikhileshde Diamondhands folks. Hold until zero. yolo hodl $COIN $ETH $BTC saylor CathieDWood

CelsiusNetwork nikhileshde It’s not market conditions, it’s a liquidity crisis that they can’t manage.

CelsiusNetwork nikhileshde So glad I got distracted by other things before going through with signing up with CelsiusNetwork . . . now if only Coinbase would let me have my locked up ETH2 . . .

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CelsiusNetwork nikhileshde The ship is sinking says the Captain as he burns all the lifeboats.

CelsiusNetwork nikhileshde It’s due to liquidity drying up for their massive $stETH position that they can’t unwind. Called this last week including them needed to pause customer withdrawals in order to avoid liquidation.

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CelsiusNetwork nikhileshde We told you a thousands times use a hard wallet.

CelsiusNetwork nikhileshde Lololol scammy

CelsiusNetwork nikhileshde Excellent!

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Crypto lending firm Celsius pauses withdrawals and transfers, citing market conditionsCrypto lending firm Celsius told clients in an email Sunday evening that it is pausing withdrawals and transfers, citing market conditions. This is a cryptocurrency and stockmarketcrash nightmare... saylor I really hope those people you told to sell a house did not sell a house... Another scam scheme died. Who's next?
Source: TheBlock__ - 🏆 464. / 53 Read more »

Crypto lending platform Celsius pauses withdrawals, transfers amid 'extreme market conditions'Crypto lending platform Celsius Networks said Sunday it is pausing all withdrawals, swaps and transfers between accounts, “due to extreme market conditions.” 🤣🤣🤣 This is the NOT decentralization. It’s a shame what’s happened to web3 already That's not hpw crypto was supposed to work...
Source: MarketWatch - 🏆 3. / 97 Read more »