The lending platform criptomonedas Celsius has generated a new chaos in the market after suspending all its transactions with digital currencies.
Celsius it had won the trust of investors after it promised large passive income by keeping bitcoins safe on its platform. However, the current drop in the value of cryptocurrencies has made it suspend the withdrawals of money from its users due to “extreme market conditions”.
The platform has defended this measure pointing out that it is “to protect” its users.
Celsius It operates by collecting customer deposits that it lends to others for a return. At the moment, there is no date for the return of normal activities.
Increase FUD
Of course, this impossibility of withdrawing the cryptocurrencies has angered and worried investors, who hold thousands of dollars in their accounts at Celsius.
However, despite not being able to withdraw the money from their own accounts, they have done so in the coffers of $THEa cryptocurrency of governance of Celsiuswhich has seen the decline of more than 50% of its value in recent hours.
Currently, $CEL is worth 20 cents, far from its maximum peak of 7 dollars.
There is also a report that Celsius transferred 320 million dollars in cryptocurrencies to the FTX exchange just before announcing the account withdrawal / transfer freeze.
There are already liquidated
The news has come down even worse amid a rough start to the week for cryptocurrencies, where the case has added to overall inflation for bitcoin to drop below $25,000.
And there are also cases of youtubers in the red figures such as TheMoonCarl, who published a video of how the situation has caused him to lose more than 200 million dollars.
If this case worsens, it could become a situation similar to that of Luna, which generated not only poverty, but even cases of suicide in the investment community.
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