Collapse · June 13, 2022
Celsius halts withdrawals
Price at event
$22,600
Today
$73,442
Since then
×3.2
Crypto-lender freezes $12B in user funds citing 'extreme market conditions.' Files Chapter 11 a month later. CEO Alex Mashinsky later convicted of fraud.
⸺ Sources ⸺
- newsCoinDesk — Crypto Lending Service Celsius Pauses Withdrawals, Citing 'Extreme Market Conditions' (June 13, 2022) ↗
- referenceWikipedia — Celsius Network (June 13, 2022 withdrawal pause section) ↗
- referenceCoinDesk — The Fall of Celsius Network: A Timeline of the Crypto Lender's Descent Into Insolvency ↗