Crypto firm Celsius pauses all transfers, withdrawals as markets tumble
Crypto lending firm Celsius has announced that it would pause withdrawals on its platform. Led by Alex Mashinsky, the firm reportedly had about $12 billion in customer assets as of May across 1.7 million users, as reported by the Financial Times.
The price of Celsius’s native token Celsius token fell sharply on the news, falling 64% to the intraday low of 0.13 USD.