Troubled Crypto Lender Celsius Seeks Time to Stabilize Liquidity

Celsius Network Ltd. will need more time to stabilize its liquidity and operations, the embattled crypto lending platform said in a blog post after it froze deposits last week.

Celsius, one of the biggest crypto lenders, has been struggling to raise funds in a fragile digital-assets market hit by tightening interest rates, liquidity and the collapse of the Terra blockchain last month.