The company announced it would also pause its swap and transfer products, according to a blog post. It did not provide a timeline for resuming withdrawals.
"We are working with a singular focus: to protect and preserve assets to meet our obligations to customers. Our ultimate objective is stabilizing liquidity and restoring withdrawals, Swap, and transfers between accounts as quickly as possible. There is a lot of work ahead as we consider various options, this process will take time, and there may be delays," the blog post said.
Crypto reporter Colin Wu, who goes by @WuBlockchain on Twitter, posted on Monday that Celsius has transferred about 104,000 ETH to FTX in the past three days.
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