Apr 3, 2022
Crypto lender Celsius stops withdrawals, fueling market slump
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