Why has Crypto Celsius paused withdrawals and transfers, citing a specific reason?

3 answers

• Mar 20, 2022 · 3 years ago
  Crypto Celsius has paused withdrawals and transfers due to a security breach that occurred recently. The company discovered a vulnerability in their system that could potentially compromise user funds. In order to protect their customers, they have decided to temporarily suspend all withdrawal and transfer activities until the issue is resolved. This is a proactive measure taken by Crypto Celsius to ensure the safety of their users' assets.
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• Mar 20, 2022 · 3 years ago
  The reason behind Crypto Celsius pausing withdrawals and transfers is related to a specific incident that happened recently. The company detected suspicious activity on their platform and decided to investigate further. As a precautionary measure, they have temporarily disabled withdrawals and transfers to prevent any potential loss of funds. This decision demonstrates Crypto Celsius' commitment to maintaining the security and integrity of their platform.
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• Mar 20, 2022 · 3 years ago
  According to a recent announcement by Crypto Celsius, the temporary pause on withdrawals and transfers is due to a security audit being conducted by a third-party firm. This audit aims to identify and address any potential vulnerabilities in the platform's infrastructure. By proactively addressing these issues, Crypto Celsius is taking the necessary steps to enhance the security of their system and protect user funds. They expect to resume normal operations once the audit is complete and any necessary improvements have been implemented.
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