Celsius Tumbles 70% in 1 Hour Amid Withdrawals and Transfers Pause

On Sunday night, with crypto markets already in freefall, controversial crypto lender Celsius announced it was suddenly pausing all customer withdrawals, swaps, and transfers.

The company’s CEL token quickly reacted, dropping 70% in one hour from a prior high of $0.49 earlier on Sunday down to $0.15, according to CoinMarketCap.