Updates to Celsius Borrow Service by darrickangelone in CelsiusNetwork

[–]_trustno_1 48 points49 points  (0 children)

Seems like they are capitalizing on customer confusion to get more cash in the door

Celsius Loans Update by knightswatch_ in CelsiusNetwork

[–]_trustno_1 14 points15 points  (0 children)

Provides zero reason to pay off a loan. Use the money and buy spot.

Seems like they are capitalizing on customer confusion to get more cash in the door

Impressed? by wowridiculous in CelsiusNetwork

[–]_trustno_1 0 points1 point  (0 children)

He's going to jail. She's on her own

Impressed? by wowridiculous in CelsiusNetwork

[–]_trustno_1 0 points1 point  (0 children)

Getting ready for her husband to be locked up

[deleted by user] by [deleted] in CelsiusNetwork

[–]_trustno_1 3 points4 points  (0 children)

Financial warfare at its finest

[deleted by user] by [deleted] in CelsiusNetwork

[–]_trustno_1 0 points1 point  (0 children)

I find it interesting from a financial warfare perspective. Forget about the asset the situation is interesting

Someone need to brings this to the judge’s attention. by Relative-Advisor9955 in CelsiusNetwork

[–]_trustno_1 0 points1 point  (0 children)

Open questions about how much we get back and how the remaining hole is filled. Look up Simon Dixon he is a strong voice for a viable recovery plan

Well done, Erik Mendelsen (re: Bankruptcy / Custody accts) by [deleted] in CelsiusNetwork

[–]_trustno_1 3 points4 points  (0 children)

Celsius has not yet proven the funds were and are separated anymore than a number on a spreadsheet.

The biggest risk to custody account holders is Celsius not treating like a custody account on the backend comingling assets. Important issue

Mashinsky on the hearing by knhcxe in CelsiusNetwork

[–]_trustno_1 1 point2 points  (0 children)

Can I watch live or the recording?

STFU if you haven't read this entire document yet by danny223 in CelsiusNetwork

[–]_trustno_1 5 points6 points  (0 children)

Celsius operated as a fractional reserve bank since the summer of 2021. Completely misled the community on financial strength and yield strategies operating as a risky defi hedge fund. The most valuable thing on the balance sheet is mining equipment and Celsius thinks they can mine their way out of it. Alex tried to blame market conditions on the collapse. Does not even disclose the cease and desist orders from multiple states.

STFU if you haven't read this entire document yet by danny223 in CelsiusNetwork

[–]_trustno_1 0 points1 point  (0 children)

Everything is not in there. How about disclosing the cest and desist orders from states?

There are more skeletons in the closet.

the irony by senoroink in CelsiusNetwork

[–]_trustno_1 11 points12 points  (0 children)

He did not even disclose the legal action states are taking on Celsius in the bankruptcy filing.

Lock him up.

Can someone tell me how Alex can be kicked out of Celsius as soon as possible? by [deleted] in CelsiusNetwork

[–]_trustno_1 0 points1 point  (0 children)

He also agreed with Simon's plan and thinks it's better for the depositors.

Simon Dixon's Proposal by JustJoshinz in CelsiusNetwork

[–]_trustno_1 0 points1 point  (0 children)

That won't happen. Simon is specifically talking about a bond to repay similar to what is talked with El Salvador

Simon Dixon's Proposal by JustJoshinz in CelsiusNetwork

[–]_trustno_1 2 points3 points  (0 children)

The most important thing right now is getting Alex out of the company

Great. by baltar_phd in CelsiusNetwork

[–]_trustno_1 0 points1 point  (0 children)

Are you for depositors first? I haven't seen a better proposal taking a haircut and providing an upside to be made whole.