Crypto Lending Platform Celsius Pauses All Withdrawals, Swaps and Transfers between Accounts

Crypto lending platform Celsius announced that, due to extreme market conditions, it is pausing all withdrawals, Swap, and transfers between accounts. Celsius said that it's a necessary action for the benefit of the entire community. The team's focus is to protect and preserve assets, and the ultimate objective is stabilizing liquidity and restoring withdrawals, Swaps, and transfers between accounts as quickly as possible. Celsius' operations will continue and will continue to share information with the community. Previously, Celsius lost at least 35,000 $ETH in the Stakehound private key loss incident.