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Crypto Platforms Are Halting Withdrawals as Bitcoin Tanks Over 13%
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Crypto Platforms Are Halting Withdrawals as Bitcoin Tanks Over 13%

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by Virtuse
13. June 2022
Crypto Platforms Are Halting Withdrawals as Bitcoin Tanks Over 13%

The Celsius crypto network has halted all trading, including withdrawals, according to a press release from the company released overnight. The unusual move comes as major cryptocurrencies plummeted over the weekend, and questions remain about whether Celsius will ever allow users to withdraw their money, thanks to some rather slippery language in its terms of service.

 

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

 


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