Megathread: Celsius halts withdrawals

LATEST UPDATES : 15 JUNE 2022:

Celsius appoints Citigroup to advise on possible solutions after withdrawal freeze: sources

https://www.theblock.co/post/152230/citigroup-celsius-advising-after-withdrawal-freeze

LATEST UPDATES : 14 JUNE 2022:

Crypto Lender Celsius Hires Restructuring Lawyers After Account Freeze: https://www.wsj.com/articles/crypto-lender-celsius-hires-restructuring-lawyers-after-account-freeze-11655250575

Crypto Lender Celsius Hires Restructuring Attorneys, WSJ Reports : https://www.coindesk.com/business/2022/06/15/crypto-lender-celsius-hires-restructuring-attorneys-wsj-reports/

https://twitter.com/celsiusnetwork/status/1536686121106649089

CelsiusNetwork is working as quickly as possible and will share information as and when it becomes appropriate. Acting in the interest of our community remains our top priority.

Celsius has halted withdrawals.

Notice from Celsius: https://blog.celsius.network/a-memo-to-the-celsius-community-59532a06ecc6

Twitter: https://twitter.com/CelsiusNetwork/status/1536169010877739009

Article on Bloomberg: https://www.bloomberg.com/news/articles/2022-06-13/crypto-lender-celsius-freezes-withdrawals-fueling-market-rout

Article on FT: https://www.ft.com/content/61334d19-fb25-4492-83d0-78c3cfec4df8

Other crypto lending firms like Nexo have offered to bail Celsius out: https://twitter.com/Nexo/status/1536217856815374337

Use this Megathread for discussions on this topic.

Updates: Nexo has announced a formal letter of intent.

https://www.coindesk.com/business/2022/06/13/nexo-proposes-celsius-buyout-as-rival-halts-withdrawals/

Document: https://drive.google.com/file/d/1PlxlCKn2Ro0PDAco-Fjlsi0hWU8gwgBE/view

Threads on the situation:

1. https://twitter.com/wassielawyer/status/1536192639112183808

Further updates:

A user on Celsius sub-reddit called Celsius support and this is the update: https://np.reddit.com/r/CelsiusNetwork/comments/vbi9md/my_call_with_support/