Is Celsius stabilizing its liquidity?

Embattled crypto lender Celsius delivered an update on its situation, stating that its "objective continues to be stabilizing our liquidity and operations." “This process will take time,” the New Jersey-based company said in a blog post on Sunday night.

Is Celsius struggling to raise funds?

From a report: 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 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 not reactivating the withdrawal option?

The withdrawal option on Celsius was disabled a month ago, and the company has not yet reinstated it since the liquidity situation is not yet stable. Your capital is at risk. The Network is now trying to improve its liquidity and operations in order to resume the operations that were previously paused.