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.
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.

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