GoCelery Suspends Withdrawals, Declines Comment

Announcements, FinTech, Investing, News | May 10, 2017 By:

New York-based cryptocurrency platform GoCelery has suspended withdrawals, deposits and orders. The company has, so far, declined to state its reasons and referred all inquiries to its web site for updates. A phone message to its publicly available number provides a recording referring to the web site.

Word first surfaced of the problem on social media. The company statement was posted on its update web page and via Twitter and has caused additional panic among investors wary of unstated problems at the firm.

Bitcoin and other cryptocurrencies have risen dramatically in price over the last month, with bitcoin going over the $1,700 USD mark, an all-time high.

GoCelery is a subsidiary of trading platform provider BTX Trader and has been around since 2014. The company has not previously had public issues with its services. Ilya Subkhankulov and Divya Thakur are the operators.

GoCelery is not the first exchange to suspend operations. Many Chinese exchanges suspended withdrawals in the wake of regulator scrutiny this January, and popular exchange Bitfinex has also halted its fiat withdrawals. Neither has returned to full operations in the interim.