Is One of the Biggest Crypto Lenders on the Brink of Bankruptcy? - bdsthanhhoavn.com

Is One of the Biggest Crypto Lenders on the Brink of Bankruptcy?

Fuzziness reigns in the crypto planet. 

Is crypto lender Celsius Network insolvent? 

On the night of Sunday to Monday, the firm announced that it would suspend indefinitely various transactions, including withdrawals of funds, without explaining what had caused such an extreme decision.

“Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, Swap, and transfers between accounts,” the company said in a memo published in Medium. “We are taking this action today to put Celsius in a better position to honor, over time, its withdrawal obligations.”

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