Crypto Update 6/14/22 | Celsius Halts Bitcoin Withdrawals: What Went Wrong?
Markets Outlook
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Cryptocurrency Exchange Celsius Halts Bitquin Withdrawals - What Went Wrong?
crypto exchange celsius announced they were halting all with als, transfers and asset swaps on the platform. The platform had been the subject of much scrutiny in recent weeks and months over their apparent yield generation strategies. This dynamic caused celsius to turn to increasingly exotic and risky instruments, togen yield for depositors. With an increasing number of users withdrawing their funds from the platform, and with crypto currency markets already ing off meaningfully this news is not a surprise.
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