Is One of the Biggest Crypto Lender Insolvent? A Rival Thinks So

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The Street

By Luc Olinga Celsius Network has suspended the withdrawals. Nexo, another crypto platform, has just made an offer to buy its assets. Fuzziness reigns in the crypto planet. Is crypto lender Celsius Network insolvent? On the night of Sunday to Monday, the firm announced that it would suspend indefinitely various transactions, including withdrawals of funds, without explaining what had caused such an extreme decision. “Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, Swap, and transfers between accounts,” the company said in a memo published in M…

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