Celsius is definitely starting to feel the heat as the staking and lending platform has been sending millions of dollars worth of crypto, including nearly $250M in WBTC, to FTX exchange while pausing withdrawals for all users.
worth about $74.5 million have been sent to FTX.
Since June 12, Celsius has staked 204 million USDC stablecoins on Aave. It also has deposited 10 million USDC plus about 8.2 million DAI stablecoins to Compound, another DeFi staking and lending platform.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto lending firm Celsius pauses withdrawals and transfers, citing market conditionsCrypto lending firm Celsius told clients in an email Sunday evening that it is pausing withdrawals and transfers, citing market conditions.
Read more »
Crypto firm Celsius pauses all transfers and withdrawals between accountsCrypto lender Celsius Network Ltd said on Sunday it was pausing all swaps, transfers and withdrawals between accounts, due to extreme market conditions.
Read more »
Crypto lending platform Celsius pauses withdrawals, transfers amid 'extreme market conditions'Crypto lending platform Celsius Networks said Sunday it is pausing all withdrawals, swaps and transfers between accounts, “due to extreme market conditions.”
Read more »
Crypto Lending Service Celsius Pauses Withdrawals, Citing 'Extreme Market Conditions'The company will also pause its swap and transfer products, according to a blog post. It did not provide a timeline for resuming withdrawals.
Read more »