Celsius Network Halts All Withdrawals As It Faces Liquidity Crisis, CEL Tanks 45%

Lending platform Celsius Networks made a major announcement recently that it has paused all withdrawals on the platform, a move that it calls is in the interest of the community. Following the announcement, CEL, the native token of the Celsius Network is facing intense selling pressure crashing 45% and dropping to $0.20. The announcement notes:

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Author: toutiao