Does Celsius Network need more time to stabilize liquidity?

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.

What's happened to Celsius Network?

(Bloomberg) -- 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.

Why is Celsius struggling to raise funds?

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.

What's going on with Celsius's crypto market?

Celsius’ troubles last Sunday kicked off a rocky week for the crypto market, as bitcoin and other digital currencies continued their plunge, with crypto hedge fund Three Arrows Capital taking deep losses and fellow crypto lender Babel Finance also freezing withdrawals.