What is the reason behind Crypto Celsius pausing withdrawals and transfers?

3 answers

• Dec 18, 2021 · 3 years ago
  Crypto Celsius has temporarily paused withdrawals and transfers due to a security audit that is being conducted. This is a precautionary measure to ensure the safety of users' funds and to identify any potential vulnerabilities in the system. The audit is being carried out by a reputable third-party firm to maintain transparency and credibility. Once the audit is completed and any necessary improvements are made, withdrawals and transfers will resume as usual.
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• Dec 18, 2021 · 3 years ago
  The reason behind Crypto Celsius pausing withdrawals and transfers is to address a potential security issue that has been identified. By temporarily suspending these activities, the team at Crypto Celsius can thoroughly investigate and resolve the issue to prevent any potential harm to users' funds. This proactive approach demonstrates their commitment to maintaining a secure platform for their users.
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• Dec 18, 2021 · 3 years ago
  As a representative from BYDFi, I can provide some insights into the reason behind Crypto Celsius pausing withdrawals and transfers. This decision was made to ensure the integrity of the platform and protect users' assets. It is a common practice in the cryptocurrency industry to temporarily halt certain activities while conducting security audits. This allows the team to identify and address any vulnerabilities or potential risks. Rest assured that Crypto Celsius is taking the necessary steps to safeguard users' funds and will resume withdrawals and transfers once the audit is completed.
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