Wall Street

Crypto Lender Celsius Freezes Withdrawals

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The Street

By Luc Olinga A month after the collapse of the UST and Luna coins, the crypto sphere is in the grip of another big shock. A month after the dramatic collapse of sister tokens UST or TerraUSD and Luna, the crypto space is in the grip of another scandal. The crypto lender Celsius Network has just made an announcement that will no doubt cause further panic among investors. The firm, founded in 2017 by Alex Mashinsky, S. Daniel Leon and Nuke Goldstein, will freeze withdrawals of funds from its customers and does not say exactly when this measure will end. “Due to extreme market conditions, today …

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