Crypto lender Celsius pauses withdrawals, transfers citing ‘extreme market conditions’

“We are taking this action today to put Celsius in a better position to honor, over time, its withdrawal obligations,” wrote Celsius, which counts stablecoin-issuer Tether International, growth equity fund WestCap Group and Canadian pension fund Caisse de Dépôt et Placement du Québec among its investors.

Celsius has also grappled with high sell-offs in recent months.