News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Fintech

The Fintech Files: Will Celsius customers hit HODL?

Some at Celsius are pushing for it to reopen withdrawals, but with a monthly limit

Celsius customers could be asked to turn HODL mode on or off to signal approval for a potential rescue plan
Celsius customers could be asked to turn HODL mode on or off to signal approval for a potential rescue plan Photo: Alamy

Customers of the beleaguered crypto lender Celsius have had withdrawals frozen for more than two weeks – now, some involved in rescue talks want users to keep the faith.

Two sources revealed to Financial News on 27 June that a new plan — which involves using the Celsius app’s “HODL” function to ballot customers over whether they still believe in the company — was on the table in a last-minute throw of the dice to avert bankruptcy.

WSJ Logo