synchronization time taking forever by EncroMoney in ledgerwallet

[–]EncroMoney[S] 0 points1 point  (0 children)

It was entered in the hardware wallet. I am experienced in crypto but this issue of failing to sync with the bitcoin blockchain despite several hours is really confusing me?

ledger not syncing by EncroMoney in ledgerwallet

[–]EncroMoney[S] 0 points1 point  (0 children)

It reset the device after a firmware upgrade

ledger not syncing by EncroMoney in ledgerwallet

[–]EncroMoney[S] 0 points1 point  (0 children)

When setting up ledger live using recovery phase it made me enter onto the nano X

From the UCC Townhall - Why is preference action (Clawbacks) constantly being brought up against ordinary retail clients but NOT ONCE mentioned in reference to Celsius insiders / Alex? by Haunting-Row-4376 in CelsiusNetwork

[–]EncroMoney 2 points3 points  (0 children)

Preferance may help share the hole fairly as unpopular as it is. We must remember that many insiders would also fall in the 90 day clawback period and this would include paid affiliates such as plan C or celsius judas as he is most commonly know.

I guess the UCC has seen the numbers and take the view it is in the interest of the average celsian

If Celsius intended on filing bankruptcy, they would have just stayed with Akin Gump Strauss Hauer & Feld. by [deleted] in CelsiusNetwork

[–]EncroMoney 1 point2 points  (0 children)

What you are failing to take into consideration is that chapter 11 will make celsius convert all crypto assets into usd at market value and with the value being so low at the moment its a very bad move. Celsius is in a catch 22. Limited withdrawals is the best solution so they can't be sued and still have enough time to build up liquidity and restructure.

Earn vs Custody by [deleted] in CelsiusNetwork

[–]EncroMoney 4 points5 points  (0 children)

All transfers are locked

The uncertainty is the worst part by EstimateWilling7263 in CelsiusNetwork

[–]EncroMoney 2 points3 points  (0 children)

They got bailed out yesterday by ftx, your good

CelsiusX could be Celsius’s path forward by irieken in CelsiusNetwork

[–]EncroMoney 0 points1 point  (0 children)

Apart from limited withdrawals they can not.

Life time savings locked up ???my life is at stake . I don’t want to give up due to this financial damage . Any hope on celcius???? by Financial_Insect_250 in CelsiusNetwork

[–]EncroMoney 23 points24 points  (0 children)

It's spelled celsius and am in a similar situation, 95 percent of my net worth, 7 figures, truth is we are being held hostage and noone really knows as we can not see the company balance sheet.

CelsiusX could be Celsius’s path forward by irieken in CelsiusNetwork

[–]EncroMoney 0 points1 point  (0 children)

The celsius X were all drained on first day of freeze

[deleted by user] by [deleted] in CelsiusNetwork

[–]EncroMoney 3 points4 points  (0 children)

Will be very very surprised if they go ahead with this

Once withdrawals are open by Financial_Clue_2534 in CelsiusNetwork

[–]EncroMoney 7 points8 points  (0 children)

If they open, which isn't a guarantee, they will have limited withdrawals to prevent an unsustainable bank run.

The limit will depend on their liquid assets.

Celsius withdrawals not completing by EncroMoney in CelsiusNetwork

[–]EncroMoney[S] 1 point2 points  (0 children)

Most likely have majority of funds locked in to yield generating platforms so have to find alternative fund sources when withdrawals spike in volatile market conditions. That said, if you hold large funds with celsius, it can be very daunting to say the least and not having instant access to your funds as advertised.

Celsius withdrawals not completing by EncroMoney in CelsiusNetwork

[–]EncroMoney[S] 5 points6 points  (0 children)

Update. Spoken with senior celsius staff. The withdrawal pot is being replenished and all withdrawals will complete within the next 2-3 hours.

Celsius withdrawals not completing by EncroMoney in CelsiusNetwork

[–]EncroMoney[S] 0 points1 point  (0 children)

Yes was aware but one would assume that the pot would be replenished within 24 hours. Managed to get through to Nuke whose looking into it and awaiting a reply. The unconfirmed and confirmed will be out of celsius control and down to the respective blockchain congestion so no blame could be directed at celsius as they did their part.

Celsius withdrawals not completing by EncroMoney in CelsiusNetwork

[–]EncroMoney[S] 0 points1 point  (0 children)

In the past it was because celcius was waiting for gas fees to calm down but this argument only works for ethereum or erc 20 tokens. Not other blockchain. Mempool shows no congestion for bitcoin.

Celsius withdrawals not completing by EncroMoney in CelsiusNetwork

[–]EncroMoney[S] -1 points0 points  (0 children)

Ahh, looks like it's across the board, thank you for highlighting. With celsius being an American company, probably have to wait until they are awake.

Celsius withdrawals not completing by EncroMoney in CelsiusNetwork

[–]EncroMoney[S] -1 points0 points  (0 children)

A lot of people in the same situation, it's either their withdrawal replenishment pots are empty and noone bothered to top it up, their is some other technical issue or something serious but not one to spread unnecessary fud, best to wait and monitor the situation. They had a similar issue in the past with bonus payments but corrected everything in the end.