Biggest crypto lender 'Celsius' made a big announcement on Sunday

Celsius Network Ltd. paused withdrawals, swaps and transfers between accounts on its platform

It was “due to extreme market conditions.”

Celsius is one of the largest crypto lending companies in the world

It did not give a date for when customers will able to withdraw/transfer again

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Celsius has 1.7 million users

“We understand that this news is difficult,” Celsius said

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Last year, Celsius raised $750 million in funding from the investors

 In the last 24 hours, the price of Celsius’ token plunged 33% to $0.25

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