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TEXXR

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Celsius' CEL token fell 70% in one hour after the DeFi lender suspended all customer withdrawals, amid a broader crypto market crash

Daniel Roberts / Decrypt :

Decrypt Daniel Roberts

Discussion

  • @celsiusnetwork Celsius on x
    .@CelsiusNetwork is pausing all withdrawals, Swap, and transfers between accounts. Acting in the interest of our community is our top priority. Our operations continue and we will continue to share information with the community. More here: https://link.medium.com/...
  • @mashinsky Alex Mashinsky on x
    @mdudas ... Mike do you know even one person who has a problem withdrawing from Celsius?, why spread FUD and misinformation. If you are paid for this then let everyone know you are picking sides otherwise our job is to fight Tradfi together...
  • @nexo @nexo on x
    All Nexo products are operating normally - Borrow, Earn, Exchange, the Nexo Card. As always - deposits and withdrawals are processed instantly so that all of you can make the necessary arrangements in this latest downturn in the markets. 1/
  • @jonwu_ @jonwu_ on x
    Celsius is one of the largest centralized gateways to crypto. It raised $864m of venture capital and at one point custodied over $3 billion of funds for 1m+ customers. As of today, it appears insolvent, and it's taking the whole crypto market with it. The Celsius Thread: 👇
  • @wassielawyer @wassielawyer on x
    1/ Ok just some clarifications because people instantly become insolvency practitioners / lawyers whenever a platform is experiencing difficulties to maximize engagement farming. Now @CelsiusNetwork is clearly insolvent. The question is what sort of insolvency are they in?
  • @lessin @lessin on x
    Defi and NFTs are not “scams” as tech, but no more than theoretical shells til they are meaningfully connected to real world finance https://twitter.com/...
  • @dadkins_ @dadkins_ on x
    live look at celsius risk department https://twitter.com/...