Cryptocurrency Company Halts Withdrawals As Market Continues To Take A Beating

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Knewz

By Alex Lang New York (Knewz) — A leader in cryptocurrency announced it has halted transfers and withdrawals due to “extreme market conditions.” Celsius made the announcement on June 13 as the currency continued to tank along with the rest of the market. “Acting in the interest of our community is our top priority. In service of that commitment and to adhere to our risk management framework, we have activated a clause in our Terms of Use that will allow for this process to take place,” the company stated. “Celsius has valuable assets and we are working diligently to meet our obligations.” The …

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