As customers hold their breath to access funds locked on various crypto platforms, here are the latest developments in the space.
The crypto market continues to see a difficult environment, and more and more names in the space continue to face challenges. The two major cryptocurrencies, Bitcoin (BTC-USD) and Ethereum (ETH-USD), have dropped 10.3% and 14%, respectively, in the past seven days alone.
Furthermore, in the case of Celsius, crypto holders are seeing the double pain of a fall in the value of their holdings and not being able to transact on what remains.
Celsius Customers Continue to See Pain
Last month, Celsius halted withdrawals, swaps, and transfers on its platform. A number of crypto firms have taken similar steps on their platforms as well. The gloom will turn into dread if customers are never able to see their money ever again.
Babel Finance, CoinFlex, and Vauld have all taken actions to limit withdrawals by customers. In a further negative for Celsius, Sam...
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