Economic news
Crypto firm Celsius pauses all transfers and withdrawals between accounts
2022.06.13 06:41
FILE PHOTO: A representations of cryptocurrencies in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/Illustration
(Reuters) – Crypto lender Celsius Network Ltd said on Sunday it was pausing all swaps, transfers and withdrawals between accounts, due to extreme market conditions.
“We are taking this necessary action… in order to stabilize liquidity and operations while we take steps to preserve and protect assets,” the company said https://blog.celsius.network/a-memo-to-the-celsius-community-59532a06ecc6 in a blog post.
“Furthermore, customers will continue to accrue rewards during the pause in line with our commitment to our customers.”
