Too Long; Didn't Read
Celsius Network suspended all withdrawals from its platform two weeks ago. Celsius works much like a traditional bank but is used for borrowing and lending out crypto assets instead of fiat. Celsius is a large company that employs more than 650 people. Last year, Celsius raised $750 million in funding and was valued at more than $3 billion. The people behind Celsius are for the most part competent individuals with good track records. One exception would be the former CFO, Yaron Shalem, who was arrested for money laundering, fraud, and sexual assaults in November last year.