Cryptocurrency: Celsius Network Suspends Withdrawals

The Celsius Network cryptocurrency-based interest and lending platform in which the Caisse de depot has staked more than a hundred million dollars announced yesterday that it is temporarily freezing withdrawals.

Cryptocurrency: Celsius Network Suspends Withdrawals

The Celsius Network cryptocurrency-based interest and lending platform in which the Caisse de depot has staked more than a hundred million dollars announced yesterday that it is temporarily freezing withdrawals.

• Read also: Bitcoin plunges to its lowest since the end of 2020

“@CelsiusNetwork is suspending all withdrawals, exchanges and transfers between accounts. Acting in the interest of our community is our top priority. Our operations are continuing and we will continue to share information with the community,” the company said tersely on Twitter Sunday morning.

In recent days, the value of cryptocurrencies has dropped drastically, which has caused some panic among investors.

Israel Police

Last year, Israeli police arrested the chief financial officer of controversial crypto firm Celsius Network, which had just secured a $400 million investment led by Caisse de depot and WestCap.

The arrest had nothing to do with his work at Celsius, but concerned his activities before he joined the firm, it was assured.

In October 2021, Le Journal pointed out that the firm Celsius was under the soup of the Autorité des marchés financiers (AMF).

The Caisse, Celsius and the AMF had not answered questions from the Journal at the time of writing these lines.

- Further details will follow.

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