Crypto lending firm Celsius pauses withdrawals and transfers, citing market conditions

Celsius—the crypto lending firm—said on Sunday that it would pause withdrawals on its platform, citing market conditions as the price of Ether and other cryptocurrencies tumbled.

Led by Alex Mashinsky, the firm reportedly had about $12 billion in customer assets as of May across 1.7 million users, asIn a note to clients it added:"Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals...We are taking this action today to put Celsius in a better position to honor, over time, its withdrawal obligations."

Another scam scheme died. Who's next?

This is a cryptocurrency and stockmarketcrash nightmare... saylor I really hope those people you told to sell a house did not sell a house...

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

True Global Ventures joins $42.5m funding round of French crypto company CoinhouseThe fundraising is aimed at accelerating development of Coinhouse's service offerings to individuals and businesses in Europe. Good news for the crypto are good news for bolstyr and it's magnificent project
Source: TheBlock__ - 🏆 464. / 53 Read more »

Crypto Firms Cut Back on Hiring During Market SlumpCryptocurrency firms have slammed the brakes on their spending spree in response to the continuing crypto price slump That OK I will buy Normal people don’t have any interest in gambling
Source: WSJ - 🏆 98. / 63 Read more »