A week after freezing withdrawals, embattled crypto lending platform Celsius Networks said Sunday that that it will “take time” to stabilize its liquidity and operations.
A week after freezing withdrawals, embattled crypto lending platform Celsius Networks Ltd. said Sunday that that it will “take time” to stabilize its liquidity and operations.
“As has been a priority since our company’s inception, we maintain an open dialogue with regulators and officials. We plan to continue working with regulators and officials regarding this pause and our company’s determination to find a resolution,” Celsius said. Also Sunday, users of crypto lending app Solend, which works off the Solana blockchain, voted to take over the platform’s largest account — a so-called “whale” — in a bid to preserve its liquidity and prevent excessive strain on the Solana network.
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