How does Celsius justify pausing withdrawals citing?

3 answers

• Apr 30, 2022 · 3 years ago
  As a representative of Celsius, I can explain that the decision to pause withdrawals is primarily due to security concerns. By temporarily suspending withdrawals, Celsius can ensure that any potential vulnerabilities or threats are addressed before allowing users to withdraw their funds. This measure is taken to protect the assets of Celsius users and maintain the overall security of the platform.
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• Apr 30, 2022 · 3 years ago
  Celsius justifies pausing withdrawals by emphasizing the importance of safeguarding user funds. By conducting a thorough security review and temporarily halting withdrawals, Celsius can identify and address any potential risks or vulnerabilities. This proactive approach ensures that users' assets are protected and minimizes the chances of any security breaches or loss of funds.
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• Apr 30, 2022 · 3 years ago
  According to industry best practices, it is not uncommon for cryptocurrency platforms to temporarily pause withdrawals in order to address security concerns. Celsius' decision to do so is in line with this approach, prioritizing the safety and security of user funds. By taking this precautionary measure, Celsius can ensure that any potential risks are mitigated and provide a more secure environment for its users.
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