Crypto lender Celsius stops withdrawals, fueling market slump

Doubts about the sky-high yields backing products such as those Celsius Network offers have intensified after the collapse of the Terra ecosystem in May. | REUTERS

Celsius Network paused withdrawals, swaps and transfers after weeks of speculation over the sustainability of the outsized returns being offered by the “decentralized finance” lending platform, fueling a broad cryptocurrency selloff. Crypto markets tumbled after the Celsius announcement, with bitcoin dropping as much as 14% to the lowest level since December 2020 and other major

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