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Reading: Crypto Lender Celsius Freezes All Account Withdrawals
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The Wall Street Publication > Blog > Tech > Crypto Lender Celsius Freezes All Account Withdrawals
Tech

Crypto Lender Celsius Freezes All Account Withdrawals

Editorial Board Published June 13, 2022
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Crypto Lender Celsius Freezes All Account Withdrawals
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One of the largest crypto lenders, Celsius Network, told users Sunday night that it is pausing all withdrawals, swaps, and transfers between accounts due to extreme market conditions.

“We are taking this necessary action for the benefit of our entire community in order to stabilize liquidity and operations while we take steps to preserve and protect assets,” the company said in a blog post.

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