Celsius Silences Community Sessions Amid Ongoing Withdrawal Freeze
Celsius Network halts its regular ask-me-anything sessions while customers remain unable to access their frozen funds. Regulatory investigations across multiple states continue as the crypto lender cites unprecedented challenges.
Celsius Network pauses its regular YouTube and Twitter Spaces question-and-answer sessions as it navigates unprecedented challenges. The crypto lending platform, which halted customer withdrawals last week, cancels a highly anticipated Friday session featuring CEO Alex Mashinsky just minutes before its scheduled start.
Customers with substantial capital locked on the platform receive no updates regarding the status of their frozen funds. Since its launch in 2018, Celsius relies on these live ask-me-anything sessions to share data about platform inflows, outflows, and new registrants, leaving users without their primary source of transparency.
Texas and four other states actively investigate Celsius over its decision to halt customer withdrawals. The company states that its objective remains stabilizing liquidity and operations, a process it admits will take time, while claiming to maintain an open dialogue with regulators and officials.