April 2022: Celsius Holds 150,000+ BTC. June 2022: Celsius Withdrawals Frozen. \ stacker news ~bitcoin

April 2022: Celsius Holds 150,000+ BTC. June 2022: Celsius Withdrawals Frozen.www.prnewswire.com/news-releases/with-over-150-000-bitcoin-celsius-holds-more-than-microstrategy-galaxy-digital-and-coinbase-301520255.html

231 sats \ 5 comments \ @kr 13 Jun 2022 bitcoin

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0 sats \ 0 replies \ @cryptocoin 13 Jun 2022

Does this just get locked up in litigation for years making Celsius depositors the ultimate hodlers?

yeah it's one of those counterintuitively boolish things (assuming there is actually a legal process that plays out)

0 sats \ 0 replies \ @pony 13 Jun 2022

Just another scam?

0 sats \ 0 replies \ @cryptocoin 13 Jun 2022

For the blog post from Celsius announcing the freezing of withdrawals there is a separate post, here on SN:

Celsius announces all trading and withdrawals have been halted #35946 https://blog.celsius.network/a-memo-to-the-celsius-community-59532a06ecc6

0 sats \ 1 reply \ @ideasourcing 13 Jun 2022

Is there an agenda to associate with bitcoin and then rug pull, in order to make Bitcoin look like the bad guy? First Luna, now this Celcius thing?

1 sat \ 0 replies \ @kr OP 13 Jun 2022

i don’t think this is part of some larger bitcoin-specific agenda, just irresponsible management of funds from a few big players. celsius actually had more exposure to eth than btc at some point during the last year, might even be the case today.