On June 6, Dirty Bubble revealed that the famous cryptocurrency wealth management platform Celsius Network lost at least 35,000 ETH in the theft of the custody platform Stakehound a year ago, and has not announced this matter for a year. It was not until the incident broke out that users knew that there was such a large funding loophole, which became another time bomb in the market after the LUNA incident.
On the morning of this (13th) day, Celsius announced on its official Twitter that it would suspend user withdrawal, currency exchange and transfer functions. The official blog only stated that it was done because of market factors and risk management, and did not mention other aspects of this operation. Details and why. Since Celsius is mortgaging ETH in exchange for stETH, the market once worried that ETH/stETH would have the risk of de-pegging, and the price of ETH continued to be under pressure.
[email protected] is pausing all withdrawals, Swap, and transfers between accounts. Acting in the interest of our community is our top priority. Our operations continue and we will continue to share information with the community. More here: t.co/CvjORUICs2
— Celsius (@CelsiusNetwork) June 13, 2022
This article【News】Cryptocurrency wealth management platform Celsius suspends users’ withdrawal, currency exchange and transfer functions. The first post on Blockbuster.