https://decrypt.co/102715/celsius-tanks-as-company-pauses-withdrawals-citing-liquidity
Controversial crypto lender Celsius announced an abrupt halt to all customer withdrawals, exchanges, and transfers, Sunday night, in the midst of a crypto market that was already in free fall.
According to CoinMarketCap, the company's CEL token reacted immediately, falling 70% from its previous high of $0.49 to just $0.15 in less than an hour.
Last year, many regulators viewed these high-yield crypto lending products as offering unregistered securities. In fact, four states have sent Celsius cease-and-desist letters.
Beware of crypto investments that are too good to be true, prices could crash at any time!!
