Cryptocurrency Q&A
Is Celsius shutting down apps?
Is Celsius shutting down apps?
Arianna
Sat Aug 10 2024
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6 answers
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Are there any reliable sources confirming that Celsius is shutting down their mobile and web applications? Given the recent market volatility and potential liquidity issues, have there been any official statements or announcements from Celsius regarding the status of their platform? Are users experiencing difficulties accessing their funds or services on the Celsius app? Is there a clear timeline or plan in place for users to withdraw their assets in case of a shutdown?
6 answers
Silvia
Mon Aug 12 2024
In July 2022, Celsius, a cryptocurrency lending platform, suffered a devastating bankruptcy. The news sent shockwaves through the industry, leaving many investors reeling from the losses.
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KpopMelody
Mon Aug 12 2024
Despite the overall collapse of the company, an unusual occurrence persisted: the Celsius phone app remained operational and available for download. This anomaly puzzled many in the crypto space, as it seemed to defy the logic of the situation.
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KatanaBladed
Mon Aug 12 2024
However, the unexpected longevity of the app was not to last. On February 29th, a significant change was announced, marking the end of an era for Celsius users.
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CryptoEnthusiast
Mon Aug 12 2024
The official shutdown of the Celsius mobile app was a somber reminder of the platform's demise. With the app no longer accessible, users were forced to confront the reality of their losses and move on.
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Raffaele
Sun Aug 11 2024
The shutdown of the Celsius app also highlighted the importance of choosing reputable and financially stable cryptocurrency platforms. The collapse of Celsius served as a cautionary tale for investors to conduct thorough due diligence before entrusting their funds to any platform.
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