One of the largest crypto lenders, Celsius Network, told users Sunday night that it is pausing all withdrawals, swaps, and transfers between accounts due to extreme market conditions.

“We are taking this necessary action for the benefit of our entire community in order to stabilize liquidity and operations while we take steps to preserve and protect assets,” the company said in a blog post.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

7 Great Bill Splitting Apps: Splitwise, Venmo, and More

Good things come in big packages, like ordering a steer directly from…

‘Pandemic puppies’ adopted during COVID-19 are now suffering stress and separation anxiety

Puppies adopted by Americans working from home throughout the pandemic are suffering…

Scientists Have Finally Found the Origins of a Mysterious Asteroid

Illustration: NASA Their analysis looks convincing, says Andrew Rivkin, a planetary scientist…

Putin Is Crushing Biden’s Room to Negotiate on Ransomware

At the end of June, just before the White House scrambled to…