Jun 18, 2022
6 min read
The Road That Brought Celsius To Brink Of Collapse
On Sunday 13th of June, Celsius Network announced they were halting all withdrawals, transfers, and asset swaps on the platform. The reasons given were “extreme market conditions” and to put Celsius in a “better position” to honor, over time, its withdrawal obligations. Celsius users have reacted with panic and outrage, which is understandable given that many have invested their whole life savings into…
