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Celsius exodus: $320M in crypto sent to FTX, user withdrawals paused Celsius has been moving more than a quarter of a billion dollars worth of funds from Aave into the FTX exchange for reasons not specified in addition to suspending withdrawals for users. Cryptocurrency lending platform Celsius has halted all withdrawals, according to an announcement posted earlier this Monday. The price of the native Celsius (CEL) token collapsed more than 50% on the news. It's unclear when users will be able to withdraw their funds, but the company says that restoring this functionality is its “ultimate objective.” Celsius has also disabled swaps and transfers between different accounts due to market conditions. Prior to the announcement, the lending platform withdrew roughly $250 million from decentralized finance protocol Aave and sent it to the FTX exchange. The reason behind such a move hasn’t been specified, prompting more speculation within the community. Celsius (CEL) is an all-in-one banking and financial services platform for cryptocurrency users. Launched in June 2018, it offers rewards for depositing cryptocurrency, along with services such as loans and wallet-style payments. Users of the platform receive regular payouts and interest on their holdings. Celsius’ native token, CEL, performs a variety of internal functions, including boosting user payouts if used as the payment currency. Celsius Halts Withdrawals, CEL Token Collapses Falls 95% CEL Chart Analysis 2022 #Celsuis #Cel #Altcoins CoinMarketCap - https://coinmarketcap.com CRYPTO BUBBLES https://cryptobubbles.net/ Crypto Charts - CoinTrader https://charts.cointrader.pro/ https://www.tradingview.com/chart/ Welcome To Mr Legend's Crypto Youtube Channel If you want to learn how to make money trading and investing in cryptocurrency this is the Channel for you. Whether you are looking to formulate your Trading plan or Investing Plan for the cryptocurrency market, understand how the digital asset market cycles have worked in the past, or learn about how to make your own charts, this Channel is designed to educate and give you confidence. While I'm not providing financial advice, I'm giving you the tools to help you succeed in your own responsible decisions. Daily Videos About Major Altcoins Trends, Bitcoin, Ethereum, XRP, Ada, BNB, Solana, Bitcoin Cash, BNB, Zcash, Your Favorite Altcoin, Crypto Adoption, Altseason, Blockchain, NFTs, And Many More Latest Cryptocurrency News And Chart Analysis Follow Mr Legend Crypto on Social Media For More Updates Twitter - / mrlegendcrypto Facebook - / mrlegendcrypto Telegram - https://t.me/mrlegendcrypto For Adverts And Sponsorship Contact - MrLegendTvShow@gmail.com Thank you for watching this video Don’t forget to like this video Drop a comment to tell us what you think MLC