Celsius to Allow Withdrawals for Selected Users
Eligible customers will be able to withdraw 94% of the funds. The remaining users need clarity on when they can get their funds back.
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Eligible customers will be able to withdraw 94% of the funds. The remaining users need clarity on when they can get their funds back.
This comes after the collapse of hedge fund Three Arrows Capital and crypto exchange FTX.
FTX’s deep integration into the cryptocurrency industry is having cascading effects on associated platforms.
Crypto exchange FTX has begun processing withdrawals, according to reports from users and the crypto community.
Customer withdrawals that were previously processing but backlogged have been halted altogether, according to an announcement in the FTX Support Telegram group.
The crypto exchange said it had $48 million in exposure with Babel Finance and $5 million with Celsius — both firms faced liquidity and insolvency issues, respectively.
As the ongoing crypto bloodbath has brought many crypto-oriented businesses on the verge of collapse, general sentiments are pointing toward ...
Crypto CeFi lender Vauld has suspended "all withdrawals, transactions and deposits."
The market value of UST, Terra’s stablecoin offering, recently fell below the expected $1 price point as LUNA’s price witnessed a sharp decline owing to a significant selloff.