Celsius Network Pulls Out Over $500M From Terra’s Anchor Protocol

Celsius Network has pulled out over $500 million from Anchor Protocol. Anchor Protocol is a lending and borrowing protocol on the Terra network, which is currently experiencing an exodus of funds. Both LUNA and UST continue to crash as stakeholders attempt a rescue. The Terra network is seeing the exodus continue, with the Celsius Network exiting Anchor Protocol. The borrowing platform has removed $535 million from the Anchor Protocol, which is a lending and borrowing protocol on the Terra network. […]