Investigation Launched against Crypto Credit Platform Celsius Network

US states have launched an investigation against the Celsius Network, which stopped cryptocurrency withdrawals last week.

An investigation has been launched against the crypto lending platform Celsius Network. The collapse in the cryptocurrency markets negatively affected service providers. Crypto loan platform Celsius Network was one of these companies. Due to current market conditions, Celsius Network has stopped withdrawals and transfers. Investors have suffered as a result of Celsius Network's action. Many US states, including Texas and Alabama, have decided to launch investigations into the corporation. Joseph Rotunda, Executive Director of the Texas State Securities Board, made a statement on the subject; He noted that they are investigating this week's move by crypto lender Celsius Network, along with state securities regulators in Alabama, Kentucky, New Jersey, Texas and Washington. “Customers, including many retail investors, will need immediate access to their assets,” said Joseph Rotunda. However, I am very worried that they will not be able to withdraw from their account. “Not being able to access their investments can lead to significant financial consequences.”     Source: Hardware News