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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source: https:\/\/www.theverge.com\/2022\/6\/13\/23165401\/defi-cryptocurrency-celsius-network-pause-withdrawals<\/a> The Celsius Network, which is one of the largest crypto lenders, announced<\/a> Sunday night that it was \u201cpausing all withdrawals, Swap, and transfers between accounts.\u201d It has 1.7 million customers. <\/p>\n The company\u2019s token, CEL, is trading at 23 cents as of this writing, according to CoinMarketCap<\/a>. That\u2019s a 92 percent decrease from April 8th, when CEL was worth $3. The token was worth nearly $7 a year ago. <\/p>\n There have been questions about Celsius Networks\u2019 high yields<\/a>, its connections to failed stablecoin Terra<\/a>, and its reserves. The value of assets on its platform dropped by half to $12 billion in May, from $24 billion in December 2021. Between March and May, a billion dollars flowed out of the system, The Financial Times <\/em>reported<\/a>.<\/em><\/p>\n
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