"We are taking this necessary action... in order to stabilize liquidity and operations while we take steps to preserve and protect assets," the company said https://blog.celsius.network/a-memo-to-the-celsius-community-59532a06ecc6 in a blog post.

"Furthermore, customers will continue to accrue rewards during the pause in line with our commitment to our customers."

(Reporting by Abinaya Vijayaraghavan in Bengaluru)