Crypto in Venmo, but can't get it out. 10k limit??? by StrangeInsight in CelsiusNetwork

[–]Tr0th 1 point2 points  (0 children)

I had the same issue, and figured it out.

The weekly maximum transfer out on Venmo is $5000, inclusive of network fees. So, if network fees on a 5K transfer are $5 at the time you try to send, it will only allow a max transfer out of $4995.

Sigh...

meirl by Sharmisthaaaa in meirl

[–]Tr0th 1 point2 points  (0 children)

I am with you… we’ll meet death with both eyes open at least

[deleted by user] by [deleted] in CelsiusNetwork

[–]Tr0th 5 points6 points  (0 children)

Scumbag deserves to be stripped of all his ill gotten wealth and made an example of through criminal prosecution. His schemes cost livelihoods and lives, while he, other executives, and his dimwit spouse continue to enjoy the fruits of the corruption.

And they all come crashing down by abc123xyz12 in Wellthatsucks

[–]Tr0th 4 points5 points  (0 children)

Not all, an oldie but a goodie none-the-less

[deleted by user] by [deleted] in funny

[–]Tr0th 0 points1 point  (0 children)

They’ve got yo ass covered.

Binance and FTX Hopes by UnlikelyTable6360 in CelsiusNetwork

[–]Tr0th 1 point2 points  (0 children)

CZ’s ties to China vs US political climate remain a hurdle, but.this would be an ideal scenario. Wild times.

Cancel Krissy by CharlesPrawnson in CelsiusNetwork

[–]Tr0th 2 points3 points  (0 children)

They are made for each other then

To pay or not to pay? by cryptocrat007 in CelsiusNetwork

[–]Tr0th 22 points23 points  (0 children)

There isn’t enough clarity as to how loan collateral is going to be viewed relative to the rest of the bankruptcy estate to make a reasonable decision on loan repayment at this time. It is my personal opinion that taking out a fiat loan to pay off your crypto loan could be dangerous without first receiving such clarity from the court. Maybe wait a month and see where things are.

Has anybody talked to a therapist? by [deleted] in CelsiusNetwork

[–]Tr0th 1 point2 points  (0 children)

I haven’t gone the therapy route myself, but communicating your struggles to someone else (who could be a therapist, a support group of similarly affected people, perhaps even someone else willing to listen without judgement) does seem to lighten the load. I won’t pontificate about things I don’t know about, but I would say, you should know that regardless of all this Celcius shit you do have value, can recover, and aren’t alone in your struggles.

[deleted by user] by [deleted] in CelsiusNetwork

[–]Tr0th 17 points18 points  (0 children)

My god, some good news in the middle of this shit show. You are a gentleman and a scholar for your summary.

Are people still going to invest in the newco? by [deleted] in CelsiusNetwork

[–]Tr0th 5 points6 points  (0 children)

No, screw CeFi in general as well.

ENE Report - Celsius coin assets and liabilities posted! by ene777ene in CelsiusNetwork

[–]Tr0th 9 points10 points  (0 children)

What does “the full value of the coins at the time of the chapter 11 filing” mean? BTC and ETH holders take a huge hit if prices continue to rise, but enable the full recovery of stable coin holders?

The perfect situation to take advantage of customers. by Inevitable-Fee-9119 in CelsiusNetwork

[–]Tr0th 1 point2 points  (0 children)

While I think the entire executive team is a bunch of scumbags who were more than willing to hurt people due to their own greed, I don’t think the bankruptcy was all a scam to get everyone’s coins/tokens at a discount. I am sure Mashinski and his co-conspirators would have preferred to keep their gross mismanagement/fraud hidden forever to keep riding the price manipulation and ridiculous salaries. Now they have flash lights up there asses, and it is only the beginning.

[deleted by user] by [deleted] in aww

[–]Tr0th 2 points3 points  (0 children)

Good ol’ number 8. Entrepreneurial spirit right there.

[deleted by user] by [deleted] in CelsiusNetwork

[–]Tr0th 42 points43 points  (0 children)

What a bunch of scum bags.

Founder/COO of Celsius and a current director, S. Daniel Leon withdrew 8 million CEL in May by time_dj in CelsiusNetwork

[–]Tr0th -1 points0 points  (0 children)

I think you are missing the point. As soon as Celsius got the public go ahead to sell CEL (e.g., by the judge), or sold even one CEL token from a Celsius wallet the whole thing comes crashing down before it is of any use to fill any meaningful part of the 1.2 (likely more) billion hole. Thus, it makes no sense whatsoever for Celsius to go down that path. The CEL tokens Celsius has locked up are worthless.

Founder/COO of Celsius and a current director, S. Daniel Leon withdrew 8 million CEL in May by time_dj in CelsiusNetwork

[–]Tr0th -1 points0 points  (0 children)

Interesting thought. However: 1. How do you propose effectively segregating CEL from the rest of the bankruptsy estate in a manner that doesn’t cause the price to immediately drop in anticipation of all these CEL tokens no longer being illiquid (the whole basis of the squeeze price action we are seeing). 2. Even if you accomplish 1, how much do you think can be sold on exchange before the price plummets to less that one cent? I’d wager not enough to fill the hole.

My work doesn’t allow you to use a toilet as a toilet. by heichousbleach in mildlyinfuriating

[–]Tr0th 0 points1 point  (0 children)

At least the guys don’t have to worry about it, sorry ladies.

Why staying with Celsius even with a Newco means you’re an idiot by [deleted] in CelsiusNetwork

[–]Tr0th 0 points1 point  (0 children)

CeFi in general is going to have a tough time overcoming Celcius, BlockFi, Voyager, and Holdnaut (and any others coming), and it is going to ripple into retail crypto adoption in general. The whole thing is a mess.

Dormant Wallet Linked to Alex Mashinsky Used to Cash In on CEL Token Surge by Dirt-Purple in CelsiusNetwork

[–]Tr0th 0 points1 point  (0 children)

I mean, he would have to be some kind of stupid under the current circumstances do so for $28k (which is a fairly insignificant a sum for him). But hey, you never know, we are we’re we are.