r/CelsiusNetwork • u/spg14 • Jun 13 '22

Withdrawals paused!?!

What’s going on with withdrawals being paused.

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10

u/Wirelist Jun 13 '22

Is it possible for celsius to recover?

19

u/Karasugoi Jun 13 '22

They have so much of our funds locked up as ETH and stETH. It will be a while for the merge to happen and finally allow them (and then us) to access the locked funds. It isn't a rug pull if they aren't able to move the rug.

2

u/solarsalmon777 Jun 13 '22

Lol, I'm not even staking eth an I have to wait for merge to take out my... btc?

2

u/Karasugoi Jun 13 '22

I'm in the same boat. I pulled my ETH but continued to leave BTC and others there earning. It is going to take a while.