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Crypto lender Celsius Network opted to freeze customer withdrawals and other transactions on Sunday, leaving its nearly two million users unable to access their funds. Now, state security boards in Alabama, Kentucky, New Jersey, Texas and Washington have launched probes into Celsius, Reuters reports. The SEC has also been in contact with the firm. Engadget has reached out to the agency and will update if we hear back.  This isn’t the first time the crypto lender has run into trouble with and federal officials. Multiple…

Wall Street Journal: Source: crypto lender Celsius Networks is looking for financing options from investors and exploring other strategic alternatives, like financial restructuring — Celsius Network, among the largest crypto lenders, has paused user accounts, citing extreme market conditions Wall Street Journal: Source: crypto lender Celsius Networks is looking for financing options from investors and exploring other strategic alternatives, like financial restructuring — Celsius…

Celsius CEO Alex Mashinsky.Piaras Ó Mídheach | Sportsfile for Web Summit | Getty ImagesCelsius, a controversial cryptocurrency lending platform, said Monday it was pausing all withdrawals, causing more pain in the fragile crypto market.Celsius is one of the largest players in the nascent crypto lending space, with more than $8 billion lent out to clients and almost $12 billion in assets under management as of May. The group offers users higher-than-average interest rates on their deposits."Due to extreme market…

A Celsius Network booth at a conference in Paris earlier this year. Photo: Benjamin Girette/Bloomberg News…

Cryptocurrency lender Celsius Network, recently valued at about $3 billion, told customers Sunday evening that it is pausing “withdrawals, swap, and transfers between accounts” in a move that is sparking discussions and has prompted the price of the firm’s token to take a 60% tumble in the past one hour to 19 cents. “We are taking this action today to put Celsius in a better position to honor, over time, its withdrawal obligations,” wrote Celsius, which counts stablecoin-issuer Tether…