Celsius blocks withdrawals as market fear Celsius insolvency
On Monday, fear of Celsius insolvency and contagion-related risks to a potential Celsius insolvency ignited further downward pressure in an already extended sell-off.
Jun 14th 2022
Source: Tradingview (Coinbase, Lido)
On Monday morning, Celsius announced pausing of withdrawals citing the extreme market conditions. Celsius has previously attracted customers by offering higher yields than its main competitors. This offering has likely been enabled due to Celsius being involved in more exotic yield strategies than their peers.