Celsius Network Tells Users They've Earned Weekly Rewards, But Withdrawals Still Suspended
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Celsius Network Tells Users They've Earned Weekly Rewards, But Withdrawals Still Suspended

1 month ago

One disgruntled customer wrote: "This is honestly insulting. Celsius Network is still paying weekly rewards while holding my crypto hostage."

Celsius Network Tells Users They've Earned Weekly Rewards, But Withdrawals Still Suspended

Celsius Network is still emailing its customers about the weekly rewards they've earned — despite the fact withdrawals continue to be suspended.

A number of furious users shared screenshots of the messages they had received on Twitter, with @CryptoStylesUSA writing:

"This is honestly insulting. Celsius Network is still paying weekly rewards while holding my crypto hostage."

It's been over two weeks since the embattled crypto lender abruptly halted withdrawals, sending shockwaves through the industry.

At the time, Celsius blamed "extreme market conditions" for the drastic move — and claimed it would better ensure that the platform can honor its withdrawal obligations.
But days later, reports began to suggest that the company had hired restructuring lawyers in an attempt to tackle mounting financial problems.

The emails notifying users of their weekly rewards have proven divisive — as many customers are nervous about whether they'll ever be reunited with their savings again.

One encouraged Celsius to stop weekly rewards and focus on getting itself into a better financial position, while others claimed the project was trying to do right by its customers as it battles to find a solution.

When withdrawals, swaps and transfers were suspended, the lender had insisted that customers would "continue to accrue rewards during the pause."

Celsius Network hasn't offered an update to its community since June 20, when it warned affected users that it will take time to stabilize its operations.
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