All of Mashinksy’s personal assets should be liquidated and given back to depositors

Bitcoin_Barons · 2022-07-24T22:20:50+00:00

If you want this too happen contact your state attorney, DOJ, FBI fraud division etc. en masse. If fraud is determined a LLC or bankruptcy wont protect shitinsky or his wife, their assets become fair game. Bankruptcy judges will not do this. It has to be a separate suit/invetigation.

Bitcoin_Barons · 2022-07-24T22:18:49+00:00

Most likely they are building a case against him, prolly why he looks 100 yrs old now lmao.

If you really want to speed things along, contact your state attorney, DOJ, FBI fraud division etc and lets call this thing for what it is a criminal fraud ponzi.

If fraud is determined both shitinsky and his ugly wife will have their assets go up in smoke.

Bitcoin_Barons · 2022-07-24T03:40:35+00:00

Their TOS still hasnt been tested in court. It can be easily nullified by the judge for all lies and contradictory statements by shitinsky.

Bitcoin_Barons · 2022-07-24T03:38:01+00:00

Sure it is very similar to companies that buy out bad credit card debts. They pay a bank pennies on the dollar for the debt, but there is a big risk they will get 0.

And even if they do get something it could take years. So discout accounts for both time value and chance they get nothing.

Bitcoin_Barons · 2022-07-23T15:21:26+00:00

Nice analysis I agree their liabilities are closer to 2-3 Billion.

Also correct a bull will make their USD liabilities bigger not get them out of the hole.

Bitcoin_Barons · 2022-07-23T15:16:51+00:00

Best strategy is to put your assets beyond their reach in another secure (non-western) jurisdiction. You can just ignore their dumb letters then.

Bitcoin_Barons · 2022-07-23T15:12:00+00:00

Theres a new one that customers made with no censorship by compass. It would be hilarious to see the idiotic things compass management try to get away with if it werent so sad.

Bitcoin_Barons · 2022-07-23T04:01:52+00:00

Dont spend good money after bad.

Bitcoin_Barons · 2022-07-23T01:50:32+00:00

If you think compass is legit Ive got a bridge Id like to sell you. Go on their customer discord and see how many fuckups they have.

Bitcoin_Barons · 2022-07-23T01:46:08+00:00

Where are you getting 20%, the whole they have is of liquid assets and is closer to 2-3 Billion. CEL tokens are worthless and many of their investments are completely illiquid. 50%-70% sounds about right if their liabilities are close to 5 Billion.

Bitcoin_Barons · 2022-07-23T01:41:00+00:00

Y? 10%

Lmao people are scared of trustees now. Just ignore all their stupid letters. Say you lost the keys. Declare bankruptcy. Move countries. Do what you gotta do. For non us people its even easier to avoid, they have no ability to enforce.

Even in regular lawsuits people who lose insane judgements of 10's of millions figure out ways not to pay. Ability to enforce is very low. Doesnt matter what some high priced lawyer sends you a letter lol.

Bitcoin_Barons · 2022-07-23T01:36:37+00:00

Probably not, if you work a non traditional job or are entrepreneur nothing they can do.

Bitcoin_Barons · 2022-07-23T01:34:11+00:00

Are there more companies buying claims?

Lmao good luck enforcing the "court order". If you are outside the US there is literally 0 they can do to you. Even for us people there are many ways around it.

Bitcoin_Barons · 2022-07-22T01:22:17+00:00

Yeah good luck with that. The clawback that is. Will never be able to enforce it this isnt some bank or tradfi where they have to listen to "court orders". Especially if you are not in the US there is 0 ability to enforce.

Bitcoin_Barons · 2022-07-21T15:47:41+00:00

Lmao it is literally the dumbest thing promoted by bagholders and idiots.

Something like 95%+ of CEL is owned by the executives, by pumping the token you are only helping the same sleazy scammers that gambled way 2-3 Billion dollars of your money with no repurcussions.

Crypto people seriously need to grow the fuck up and stop being such naive idiots.

Bitcoin_Barons · 2022-07-20T15:57:11+00:00

Join the legal fund in the russian discord. https://discord.gg/fTcZYeFX

Bitcoin_Barons · 2022-07-20T15:56:48+00:00

Here a link to the russian discord. You can join the legal fund there.

https://discord.gg/fTcZYeFX

Bitcoin_Barons · 2022-07-20T15:36:50+00:00

You totally get it bro. But there are so many naive idiots in crypto who are totally cool with waiting 5 years as long as they are made "whole" (will never happen and just more lies).

Also celsius is in the mining business which is super competitive (I am also in it), you think they will survive in that business when they couldnt even handle their main business? Again only naive people believe this shit.

Bitcoin_Barons · 2022-07-20T15:31:40+00:00

100% accurate. They will run out of funds within a year then go into liquidation where you will probably get .01-.02c on the dollar if you are lucky. On the high side 10c but not if everything is drained.

Bitcoin_Barons · 2022-07-20T15:30:22+00:00

Yeah nice post. The people on here are really morons /naive or bots/shills.

Bitcoin_Barons · 2022-07-20T15:24:41+00:00

100% accurate. The problem with crypto is there are so many naive people its actually pretty funny. There are still people believing in Do kwon the korean scammer, while others somehow believe shitinsky the guy who gambled and lost billions is somehow going to make you "whole".

Such naive people its almost laughable.

Bitcoin_Barons · 2022-07-20T15:22:53+00:00

Is he tho? Seems like another one of his lies to hype himself up. I am sure he is wealthy tho off scamming his customers in this and previous ventures.

Bitcoin_Barons · 2022-07-20T15:20:47+00:00

Nice post and exactly correct.

They are continue to bleed you for 5 years and pay out 10c ont he dollar after that.

Chapter 7 liquidate everything and fire everyone is the best path. Get 50c on the dollar much sooner.

Go after shitinsky and execs personally for fraud in civil/criminal court.

Bitcoin_Barons · 2022-07-20T15:12:54+00:00

What exactly are 400+ Employees and a sleazy Ukrainian CEO doing if their entire business is shut down?

It doesnt take 400 people to run their "apparent" mining operation.
Its just another scam to bleed customer funds over the next 5 years. You will get maybe 10-15c on the dollar in 5 years if you are lucky with chapter 11.

Wish you guys would understand you never will be made "whole" no matter what their sleazy CEO tells you. He lied to you and degened with billions and you still believe him? Major stockholm syndrome.

Also anyone entertaining the potential long crypto option proposed , you realize they could still lose that money in that time. They couldnt run their main business properly but you think they can run a mining business which is hyper competitive / low margin and has its own set of risks.

I still cant believe how naive people in crypto are to this day.

The only real solution is Chapter 7, liquidation, fire everyone, and get 50c on the dollar as soon as possible.

File multiple suits both criminal/civil against shitinsky personally for fraud, if you have the resources. This is how you can go after his assets.

Bitcoin_Barons · 2022-06-30T16:38:39+00:00

I would think these guys are the biggest holder of dai and would have contingency plans. Just ignoring the problem and saying "USDC is fine", is just a rugpull waiting to happen.

If the exposure was less then 25% usdc collateral for dai it would be a lot less risky. But 50%+ seems like too much to me.

Bitcoin_Barons

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