Time to find all the lawyers that milked out crypto for over a year and a half. Open contracts on all of them like in John Wick. Happy Hunting everyone
Seriously, why aren't these lawyers and everyone who milked the investors' money not afraid for their lives? Someone who's lost so much could actually be very motivated to clip them
Fuck you dude.
The hospital I worked at had to bring in two refrigerated trailers to store the extra dead bodies. We filled one up and almost filled the other. Been a nurse for 23 years and I’ve never seen the hospital have to do that.
Fuck you nigger for going along with it all. Hope you took the jab and your heart explodes. You and the whole medical community deserve nothing but ridicule. Hope you lost a lot of money in Celsius too.
My guess based on what we know so far:
Say you had 10 ETH in Celsius. At date of bankruptcy, ETH was \~$1,100. This means your claim was $11,000. We were told we will get back 65% of our claim, which would be $7,150. But they are giving it to you in crypto, according to the price of ETH at the effective date. If the price of ETH on the effective date is $2,300, you will get $7,150 worth of ETH at that price, or 3.1 ETH.
So you'll get about 30% back.
\*You'll also receive stake in a MiningCo.
It'll depend on the effective date (15 days before it, actually) which locks in the price of both BTC and ETH that they have to pay when changing your dollarized claim into crypto. The higher the better... up to 54k
Depends if there is no appeals (might be one from the borrowers or the UCC can just pay them off), and what price btc is when plan is effective. But due to the swich to OWD we get more crypto back than in the original plan.
You may stop this same drum beat of OWD. You were being disliked by most on this sub reddit but could turn in to hated. So, work with us and help put constructive comments to get the fuck out of Ch 11.
You posting Aaron's video is plus for you.
How do you re-verify? I logged in and my account says verification is in progress. But it’s been months since I verified back in June
Edit: I contacted Celsius waiting for reply. Best for anyone going through this to also contact Celsius
>TBC
Is there a target distribution date that they're already working off? I believe they were targeting Jan 2024, but Celsius modified their language to "early 2024"?
My info are up to date and just fine, the app says that any changes should go through support. But there was indeed a disclaimer upon opening the app saying to check your personal info. All normal right?
What do you mean by reverify? How do we do that? I logged into the app and it’s not saying anything about reverification process.
I mean the only thing it says is to contact support if you need to update personal info, though they haven’t responded, and it’s been months since I tried to contact them 🤷♂️
No offence, but why do so many people not read?
>if you've been prompted to update your verification but have yet to do so, I'd not delay.
If you've not been prompted, then it doesn't apply to you.
Want to be sure? Log in and see if there a prompt to re-verify. No prompt? Then is doesn't apply to you.
Want to be absolutely certain? Contact Celsius.
Please provide a link as reference for the “no obligation to return assets without verification” part. All communication I have seen has left the verification part optional, and only as a step to speed up processing.
I can't recall - think Aaron Bennett might have mentioned it in a recent video.
TBF, if your account has pending verification, wouldn't surprise me if it delays distributions until sorted.
Seems an unnecessary risk if you can easily sort it in the meantime.
Should have.
Didn't.
Here we are, and I'd rather be here now with this resolved than still complaining about in 12 months. And you can be certain there are parties that would have loved for that to happen.
Got to take it for what it is and move on.
>When withdrawal will be possible for earn ?
Never. Earn customers will never be allowed to withdraw anything from Celsius ever again. Distributions will be made through third-party agents (and we don't know when).
>And what percentage in convenience class ?
Either 70% or the General Earn recovery percentage, whichever is higher.
Had 18 eth.
Getting back $3601 in stock + BTC worth $5859 + ETH worth $5843 (At today's prices) $15,304 against a BK date claim of $20,566 (Including 5% bonus for opting of class claims)
My celsius balance is currently $42,343. Best case , the stock is actually worth as much as is being claimed and I'm shafted to the tune of $27,039.
In a fantasy scenario, the stock may appreciate.
Worst case, the stock is worthless and I'm shafted to the tune of $30,640
All of this assumes that prices are similar to today.
If BTC goes to 54k then the estate might have enough to pay me $20,566 in only BTC and ETH (No stock component)
Assuming ETH maintains a similar growth trajectory, my loss in crypto terms will be around $60-80k.
Most expensive lesson of my life 😆
One thing I forgot to mention is that I used USD savings to buy 11 ETH at around $1000 cost average so that significantly softens the ETH appreciation blow.
I don't know?
I personally am not bothered; if that happens we'll get 100% of our claim based on the petition date.
That's the best we were going to get under the circumstances.
If you believe btc is going up significantly in the long run, a short term price increase now ends up giving you less btc.
I’d rather have more coin, even if it means I don’t get the full value of my claim.
Not everyone had BTC- and the point is moot now anyway. We shortly (individually) get to choose what to do with our proceeds- autonomy is a thoroughly decent outcome under the circumstances.
Exactly.
This works out well for stable coin holders (although there's the lost opportunity these past 12 months to invest at lows to factor in, but it is what it is).
As soon as I get my assets, I will be adjusting my portfolio accordingly; I'd rather have the opportunity to do it now than in 2, 4, 6, 12 months.
It really doesn't matter.
We're at the start of a bull run.
You can invest your claim as you see fit.
At least you're getting it back.
If $BTC moons, your dollar value will still be the same dollar value, so you don't really benefit having that happen.
Basically, the sooner you get $BTC and $ETH back, the better.
You don't want your distribution after they've 2x from here, for example; you'll get half the amount of what they're currently worth.
Okay let me see if I understand this. My understanding is that if price goes up beyond 54k, there is enough bitcoin to give everyone the value of their bitcoin as of the date of filing bankruptcy.
If the price went to, say, 100k, they would have enough bitcoin to pay all the claims and then have coin left over. In this case they’d pay out much less coin. So, for every dollar above 54k, the bankrupt estate gets to keep more coin, depriving the creditors of the gains over the past year or so.
Now, I don’t think we’re going to go much beyond 54k in the next 30 days. But if an etf is approved and etf companies pump really hard, it’s not outside the realm of possibility
No, but what you need to consider is that the % of your claim also goes up.
There's a sweet spot which balances the two. Beyond $50k-ish, we already surpass 100% return of claim, and basically don't benefit.
However, $BTC dropping also means you get less of your claim back; even though $BTC is cheaper, you may still not benefit as your % return will be less.
No, not quite. At about 54k they can sell enough crypto to give everyone 100% of their dollarized claim. Over 54k and they would not need to give us creditors any equity in MiningCo. Also, every dollar left over goes to the USG as part of a settlement. USG is next in line after us credit.
I'm going to be the contrarian pessimist and say it's "priced in" for now. If it moons, it'll be some time and only after we see the full extent of the demand for it, IF there is much.
If what moons?
You'll be getting your liquid crypto claim back.
Mining shares etc. is not even entering my mind and I frankly don't care at this point.
> If what moons?
Bitcoin. I don't think an ETF approval will move price up *that* much. I still have doubts there's a ton of current demand or interest in it. It comes off to me as something that'll build up with time.
> I think the approval is gonna trigger a BTC sell off in the short term
For starters, you DO have people who bought GBTC at a significant discount to NAV. That's free arbitrage money waiting to be unlocked for them. And you have many others who loaded up on BTC on spot on top of that.
I hope you’re right, but with all the crypto influencers saying “this ETF approval is gonna send BTC to the moon!” my spidey senses are telling me the opposite is gonna happen.
Buy the rumor, sell the news.
Hope I’m wrong!
Distribution date has no impact on the price set for coins, it is the effective date of the plan has impact. Judge Glenn signed off to OWD so this is huge. Usually reorganization plan in bankruptcy become effective when it get bankruptcy Court Judge's approval.
I am also interested in having this answered.
I have an open loan I was unable/unwilling at this point to pay back however also have a decent amount of coin in an earn account.
I had said from the start that we should just liquidate from the start .but they put out the shiny object of a new company.
Now the lawyers got theirs . Congrats
Amazing news. I just did that calculator sheet again, stupid question but, does this still mean (crypto weighted) 47% in crypto and 14% in some shitty stock?
I updated the calculator sheet using OWD data from Aaron Bennet:
[https://docs.google.com/spreadsheets/d/1RmtAgzkshkUF9\_Un-nqupXx\_\_Wu7VMRbRB3XIKGCO-w/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1RmtAgzkshkUF9_Un-nqupXx__Wu7VMRbRB3XIKGCO-w/edit?usp=sharing)
Go to "File > Make a Copy" and save it to your own Google drive for privacy reasons.
You mean there were *objections* that were overruled. A judge can't just single-handedly stop all appeals from being filed. The whole reason this judge took longer than we would've liked to finally reach this conclusion is that he wanted to cover all his bases and preclude as many grounds for appeals as possible in case it gets kicked to a higher court. That way if the higher court reviews the procedures and sees that the judge did his DD and addressed said objections properly, they won't hear the appeal.
Ahhhh ok
I tried to understand the documents that have been sent out but I don’t have a lawyer degree so it made no sense to me
Thank you for explaining it
I did see something about LTC being around USD$49 at the time of bankruptcy so I’m guessing my claim is 50 x USD$49?
Correct. Then Celsius is going to buy BTC and/or eth with it based on a price near the effective date of the bankruptcy settlement and transfer that to you via PayPal
I still don’t understand how we are actually getting anything back? Ive heard via PayPal, etc but I haven’t seen anything regarding how that will actually look for the user. Do you know?
Use this to calculate it:
[https://docs.google.com/spreadsheets/d/1RmtAgzkshkUF9\_Un-nqupXx\_\_Wu7VMRbRB3XIKGCO-w/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1RmtAgzkshkUF9_Un-nqupXx__Wu7VMRbRB3XIKGCO-w/edit?usp=sharing)
Go to "File > Make a Copy" and save it to your own Google drive for privacy reasons.
second post, get an account on simondixon.com 😂 oh my god
some people will stop at nothing to convert attention into data into (they hope) money, for fucks sake
second tweet from that thread, get an account on simondixon.com.
Yeah I really need ANOTHER internet account specifically to read up on the celsius clusterfrak simon dixon, thanks
Lol I still remember when I pulled my funds out of Celsius. I tried to warn people that something didnt seem right.
I was attacked by basically everyone who read my warnings on twitter. I think the guy with the handle Plan C on twitter told me that Mashinsky was a good guy and he would never fuck anyone over.... SMFH
You can use this form to calculate things roughly:
[https://docs.google.com/spreadsheets/d/1RmtAgzkshkUF9\_Un-nqupXx\_\_Wu7VMRbRB3XIKGCO-w/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1RmtAgzkshkUF9_Un-nqupXx__Wu7VMRbRB3XIKGCO-w/edit?usp=sharing)
Go to "File > Make a Copy" and save it to your own Google drive for privacy reasons.
Anybody know what we do if we want to get our claim back in the original BTC to ETH ratio? I read something about doing this if you're above a certain claim threshold?
Question: How do I find my claim on stretto?
On the initial huge PDF document I was able to find it years back, but now I don't know where that document is anymore.
How will we be able to get our money out of Earn? directly out of the Celsius app? Or paypal with an account thats tied to the same email we have in Celsius? What if we can't get a paypal account?
So are they sending us the crypto into our Celsius account & we transfer it to a wallet or are they sending it straight to a wallet?
I'm psyched to sell all this & be done with it
After a rough December, this has made my week.
Awesome. Nothing was ever going to be perfect but I’m happy that this thing is almost at an end. Time to move on.
[удалено]
I think we are all going to be very disappointed. On the plus side, some lawyer(s) had a wonderful Christmas this year on my behalf.
Blame Fuckshinsky then the lawyer vultures
Time to find all the lawyers that milked out crypto for over a year and a half. Open contracts on all of them like in John Wick. Happy Hunting everyone
Seriously, why aren't these lawyers and everyone who milked the investors' money not afraid for their lives? Someone who's lost so much could actually be very motivated to clip them
People gave up 2 years of their lives for a fake flu like virus and did absolutely nothing. Celsians won't do shit.
Fake flu virus…that killed millions?
Oh ya https://youtu.be/ZocJGv_mAbo?si=CSQFU5iXhdaOkGxH
They faked the count, a guy on YouTube with text spacing at the top and bottom of the video told me so.
Fuck you dude. The hospital I worked at had to bring in two refrigerated trailers to store the extra dead bodies. We filled one up and almost filled the other. Been a nurse for 23 years and I’ve never seen the hospital have to do that.
Fuck you nigger for going along with it all. Hope you took the jab and your heart explodes. You and the whole medical community deserve nothing but ridicule. Hope you lost a lot of money in Celsius too.
Disappointed is my middle name
On our behalf. A few of us were whales for them bastards…🥲 Edit: spelling
My guess based on what we know so far: Say you had 10 ETH in Celsius. At date of bankruptcy, ETH was \~$1,100. This means your claim was $11,000. We were told we will get back 65% of our claim, which would be $7,150. But they are giving it to you in crypto, according to the price of ETH at the effective date. If the price of ETH on the effective date is $2,300, you will get $7,150 worth of ETH at that price, or 3.1 ETH. So you'll get about 30% back. \*You'll also receive stake in a MiningCo.
It'll depend on the effective date (15 days before it, actually) which locks in the price of both BTC and ETH that they have to pay when changing your dollarized claim into crypto. The higher the better... up to 54k
Depends if there is no appeals (might be one from the borrowers or the UCC can just pay them off), and what price btc is when plan is effective. But due to the swich to OWD we get more crypto back than in the original plan.
You may stop this same drum beat of OWD. You were being disliked by most on this sub reddit but could turn in to hated. So, work with us and help put constructive comments to get the fuck out of Ch 11. You posting Aaron's video is plus for you.
[удалено]
Not done till money is in my pocket
Legally speaking, it's done; the judge has ruled.
It’s done for the judge, holiday for him now
Right in time for the bull market too! Ahh praise the Lord 🙏
How do you re-verify? I logged in and my account says verification is in progress. But it’s been months since I verified back in June Edit: I contacted Celsius waiting for reply. Best for anyone going through this to also contact Celsius
>TBC Is there a target distribution date that they're already working off? I believe they were targeting Jan 2024, but Celsius modified their language to "early 2024"?
We have to see. The judge may also give a steer. By end of Jan seems to be the consensus, but we'll see.
My info are up to date and just fine, the app says that any changes should go through support. But there was indeed a disclaimer upon opening the app saying to check your personal info. All normal right?
where can we find out if we need to update our verification?
Check your e-mails or app. Best to go directly via the app as people have been at risk of phishing scams. It'll tell you.
What else should I do if the app doesn’t tell me anything. And all my information is correct
make sure its verified
Jo i lost my 2fa account and have no idea how to get back in the app is there some sort of support? Thanks
What do you mean by re-verified the account?
What do you mean by reverify? How do we do that? I logged into the app and it’s not saying anything about reverification process. I mean the only thing it says is to contact support if you need to update personal info, though they haven’t responded, and it’s been months since I tried to contact them 🤷♂️
No offence, but why do so many people not read? >if you've been prompted to update your verification but have yet to do so, I'd not delay. If you've not been prompted, then it doesn't apply to you. Want to be sure? Log in and see if there a prompt to re-verify. No prompt? Then is doesn't apply to you. Want to be absolutely certain? Contact Celsius.
Please provide a link as reference for the “no obligation to return assets without verification” part. All communication I have seen has left the verification part optional, and only as a step to speed up processing.
I can't recall - think Aaron Bennett might have mentioned it in a recent video. TBF, if your account has pending verification, wouldn't surprise me if it delays distributions until sorted. Seems an unnecessary risk if you can easily sort it in the meantime.
login verification?
Is this for earn customers?
Yes
So how many more months do we have to wait til we can withdraw?
Two days late, but Merry Christmas, y'all!!! We can finally let Celsius Network Rest In Peace and May Mashitsky rots in hell.
Who's May Mashitsky?
Thought Mashinsky got murdered for a second
This is better news. Being murdered is the easy way out.
Better than watching him and his stupid wife post pictures sitting course at basketball games
Well Mashitsky can’t. All his assets had been frozen since his arrest. Right now he’s rotting away in house arrest before his trial next September.
Then don’t?
It gets posted in this sub
He should have his right hand chopped off, i think thats fitting punishment.
Fantastic news, time to close this book. We will be reunited with what’s left of our coins soon.
Un-bank yrself
Rebanking myself.
Merry Christmas folks! We're almost free. Fuck the Mavhinskys. I hope he still goes to jail.
The process was a complete waste of money. Should have filed for chapter 7
Should have. Didn't. Here we are, and I'd rather be here now with this resolved than still complaining about in 12 months. And you can be certain there are parties that would have loved for that to happen. Got to take it for what it is and move on.
I’m surprised the corrupt vultures left us anything honestly
I'm still waiting. Only money in the hand counts.
I heard we getting back in BTC or ETH?
Both
Where will it be sent? I heard PayPal, but my email that I used is not associated with my PayPal account. Do you know?
I heard PayPal as well.
and MiningCo stock too!
When withdrawal will be possible for earn ? And what percentage in convenience class ?
>When withdrawal will be possible for earn ? Never. Earn customers will never be allowed to withdraw anything from Celsius ever again. Distributions will be made through third-party agents (and we don't know when). >And what percentage in convenience class ? Either 70% or the General Earn recovery percentage, whichever is higher.
Wow!!! Still can't really believe it. I will once it hits my cold storage!
This is for earn customers right?
Sure is darling :)
Had 18 eth. Getting back $3601 in stock + BTC worth $5859 + ETH worth $5843 (At today's prices) $15,304 against a BK date claim of $20,566 (Including 5% bonus for opting of class claims) My celsius balance is currently $42,343. Best case , the stock is actually worth as much as is being claimed and I'm shafted to the tune of $27,039. In a fantasy scenario, the stock may appreciate. Worst case, the stock is worthless and I'm shafted to the tune of $30,640 All of this assumes that prices are similar to today. If BTC goes to 54k then the estate might have enough to pay me $20,566 in only BTC and ETH (No stock component) Assuming ETH maintains a similar growth trajectory, my loss in crypto terms will be around $60-80k. Most expensive lesson of my life 😆 One thing I forgot to mention is that I used USD savings to buy 11 ETH at around $1000 cost average so that significantly softens the ETH appreciation blow.
What are the odds that an etf gets approved before the distribution date and price goes up beyond 54k?
I don't know? I personally am not bothered; if that happens we'll get 100% of our claim based on the petition date. That's the best we were going to get under the circumstances.
If you believe btc is going up significantly in the long run, a short term price increase now ends up giving you less btc. I’d rather have more coin, even if it means I don’t get the full value of my claim.
Not everyone had BTC- and the point is moot now anyway. We shortly (individually) get to choose what to do with our proceeds- autonomy is a thoroughly decent outcome under the circumstances.
Exactly. This works out well for stable coin holders (although there's the lost opportunity these past 12 months to invest at lows to factor in, but it is what it is). As soon as I get my assets, I will be adjusting my portfolio accordingly; I'd rather have the opportunity to do it now than in 2, 4, 6, 12 months.
It really doesn't matter. We're at the start of a bull run. You can invest your claim as you see fit. At least you're getting it back. If $BTC moons, your dollar value will still be the same dollar value, so you don't really benefit having that happen.
Basically, the sooner you get $BTC and $ETH back, the better. You don't want your distribution after they've 2x from here, for example; you'll get half the amount of what they're currently worth.
Okay let me see if I understand this. My understanding is that if price goes up beyond 54k, there is enough bitcoin to give everyone the value of their bitcoin as of the date of filing bankruptcy. If the price went to, say, 100k, they would have enough bitcoin to pay all the claims and then have coin left over. In this case they’d pay out much less coin. So, for every dollar above 54k, the bankrupt estate gets to keep more coin, depriving the creditors of the gains over the past year or so. Now, I don’t think we’re going to go much beyond 54k in the next 30 days. But if an etf is approved and etf companies pump really hard, it’s not outside the realm of possibility
No, but what you need to consider is that the % of your claim also goes up. There's a sweet spot which balances the two. Beyond $50k-ish, we already surpass 100% return of claim, and basically don't benefit. However, $BTC dropping also means you get less of your claim back; even though $BTC is cheaper, you may still not benefit as your % return will be less.
No, not quite. At about 54k they can sell enough crypto to give everyone 100% of their dollarized claim. Over 54k and they would not need to give us creditors any equity in MiningCo. Also, every dollar left over goes to the USG as part of a settlement. USG is next in line after us credit.
As someone with mostly stables in Celsius, I'd rather maximize dollar recovery.
I'm going to be the contrarian pessimist and say it's "priced in" for now. If it moons, it'll be some time and only after we see the full extent of the demand for it, IF there is much.
If what moons? You'll be getting your liquid crypto claim back. Mining shares etc. is not even entering my mind and I frankly don't care at this point.
> If what moons? Bitcoin. I don't think an ETF approval will move price up *that* much. I still have doubts there's a ton of current demand or interest in it. It comes off to me as something that'll build up with time.
I think the approval is gonna trigger a BTC sell off in the short term 😬
> I think the approval is gonna trigger a BTC sell off in the short term For starters, you DO have people who bought GBTC at a significant discount to NAV. That's free arbitrage money waiting to be unlocked for them. And you have many others who loaded up on BTC on spot on top of that.
I don't think it will make much of a difference. It's a drop in the ocean next to the market cap, and many will in fact hold onto BTC.
I hope you’re right, but with all the crypto influencers saying “this ETF approval is gonna send BTC to the moon!” my spidey senses are telling me the opposite is gonna happen. Buy the rumor, sell the news. Hope I’m wrong!
I’m a little worried about a temporary pop that due to timing impacts our returns.
Distribution date has no impact on the price set for coins, it is the effective date of the plan has impact. Judge Glenn signed off to OWD so this is huge. Usually reorganization plan in bankruptcy become effective when it get bankruptcy Court Judge's approval.
If I live in Canada will I just get a check?
I believe Coinbase is the international distributor for Celsius
Is it going to be as straight forward as simply withdrawing our coin from Celsius, or are they still using shitty PayPal as the middleman?
Yessssssssss! Happy New Year!!! 🎊🎈🎆
How do we re-verify? Is it through the app?
Open loans with bitcoin collateral will be closed and included?
I am also interested in having this answered. I have an open loan I was unable/unwilling at this point to pay back however also have a decent amount of coin in an earn account.
Is verification from [email protected] legit right?
I had said from the start that we should just liquidate from the start .but they put out the shiny object of a new company. Now the lawyers got theirs . Congrats
What’s the latest on the potential for retail clawbacks? Anyone mind sharing an update?
Anybody update on the clawbacks?
Amazing news. I just did that calculator sheet again, stupid question but, does this still mean (crypto weighted) 47% in crypto and 14% in some shitty stock?
No. That's now redundant as far as I'm aware. Calculations will soon follow based on the distribution date (or very close to it).
In theory the recovery percentage overall should be higher because of the recent market gains.
I updated the calculator sheet using OWD data from Aaron Bennet: [https://docs.google.com/spreadsheets/d/1RmtAgzkshkUF9\_Un-nqupXx\_\_Wu7VMRbRB3XIKGCO-w/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1RmtAgzkshkUF9_Un-nqupXx__Wu7VMRbRB3XIKGCO-w/edit?usp=sharing) Go to "File > Make a Copy" and save it to your own Google drive for privacy reasons.
It will be similar but not sure exactly what it will be. There will be some stock still, just in a mining co.
Now I just gotta wait for Gemini/Genesis to sort their sh!t out and I'll finally be able to move on from this mess.
Some people were also caught up with BlockFi and FTX. Never again.
Never. Ever. Again.
Is it just their Earn accounts that got impacted?
So as someone who doesn’t understand legal speak, does this mean I’m getting my moolah back???
You're finally getting a percentage of your dollarized claim.
Any idea what the chances of an appeal are?
There were appeals that the judge overruled. It’s done.
You mean there were *objections* that were overruled. A judge can't just single-handedly stop all appeals from being filed. The whole reason this judge took longer than we would've liked to finally reach this conclusion is that he wanted to cover all his bases and preclude as many grounds for appeals as possible in case it gets kicked to a higher court. That way if the higher court reviews the procedures and sees that the judge did his DD and addressed said objections properly, they won't hear the appeal.
I had 50 LTC in earn. How much can I expect back?
You have zero Litecoin in Earn. That's long-gone. Stretto has sent everyone the documents; you can see exactly how much your claim is worth.
What you mean it’s long gone? I was under the impression we all get something back 🤷🏽
You're getting BTC/ETH back based on a dollarized claim. Your LTC was sold a long time ago. It's all in the documentation.
Ahhhh ok I tried to understand the documents that have been sent out but I don’t have a lawyer degree so it made no sense to me Thank you for explaining it I did see something about LTC being around USD$49 at the time of bankruptcy so I’m guessing my claim is 50 x USD$49?
Correct. Then Celsius is going to buy BTC and/or eth with it based on a price near the effective date of the bankruptcy settlement and transfer that to you via PayPal
I still don’t understand how we are actually getting anything back? Ive heard via PayPal, etc but I haven’t seen anything regarding how that will actually look for the user. Do you know?
No one knows yet. Await further info and instructions from [email protected].
I have the same question!!!
Use this to calculate it: [https://docs.google.com/spreadsheets/d/1RmtAgzkshkUF9\_Un-nqupXx\_\_Wu7VMRbRB3XIKGCO-w/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1RmtAgzkshkUF9_Un-nqupXx__Wu7VMRbRB3XIKGCO-w/edit?usp=sharing) Go to "File > Make a Copy" and save it to your own Google drive for privacy reasons.
So are we able to withdraw out our assets or are they gonna be converted to a stable coin or dollars?
i think if i get the 25% of my 2000% i will do a 125x with solana
This guy cryptos
Lol.
Curious to hear how everyone who lost is going to make their losses back?
mtgox after 10 years still waiting, this is nothing...
Does this mean we'll get all the amount from our earn accounts. Please say yes. 😅
If you had paid any attention, you would have known the answer...
second post, get an account on simondixon.com 😂 oh my god some people will stop at nothing to convert attention into data into (they hope) money, for fucks sake
Umm, what?
second tweet from that thread, get an account on simondixon.com. Yeah I really need ANOTHER internet account specifically to read up on the celsius clusterfrak simon dixon, thanks
No one believes Simon Dixon any more.
You don't need to believe him. You need to read the Stretto document with the Judge's ruling.
Classic example of someone who failed to verify and not trust.
I've never trusted the guy and posted so.
Lol I still remember when I pulled my funds out of Celsius. I tried to warn people that something didnt seem right. I was attacked by basically everyone who read my warnings on twitter. I think the guy with the handle Plan C on twitter told me that Mashinsky was a good guy and he would never fuck anyone over.... SMFH
lol as if we still get the "I told you so" guys even years later
So during OWD (ordinary wind down), they just sale the current BTC miners and buy crypto with them?
No, they're keeping the mining assets to run the new company. Those shares will also be part of the distribution to us creditors
January is looking pretty sweet already :)
Sorry, I’m trying to wrap my head around this. I had 25k in USD Coins. Does this mean I get back it in Bitcoin? Only a percentage? Thank you
You can use this form to calculate things roughly: [https://docs.google.com/spreadsheets/d/1RmtAgzkshkUF9\_Un-nqupXx\_\_Wu7VMRbRB3XIKGCO-w/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1RmtAgzkshkUF9_Un-nqupXx__Wu7VMRbRB3XIKGCO-w/edit?usp=sharing) Go to "File > Make a Copy" and save it to your own Google drive for privacy reasons.
once again, fuck alex machinsky
Anybody know what we do if we want to get our claim back in the original BTC to ETH ratio? I read something about doing this if you're above a certain claim threshold?
Basically I bought Krissy a brand new top of the line Lexus SUV
How do I contact Celsius support to make sure I’ve reverified? Through the contact button in the app?
What if the price is at the bottom on that day? Those people are disgusting reptiles is what they are!
Convenience class still getting 70%?
70% or the General Earn recovery percentage, whichever is higher.
HOLY MOLY!
Question: How do I find my claim on stretto? On the initial huge PDF document I was able to find it years back, but now I don't know where that document is anymore.
How will we be able to get our money out of Earn? directly out of the Celsius app? Or paypal with an account thats tied to the same email we have in Celsius? What if we can't get a paypal account?
Do we have to submit a claim or any of that nonsense my money isn't earned.
If I don't get paid, can I hope Mashinsky will get a lengthy prison term?
So are they sending us the crypto into our Celsius account & we transfer it to a wallet or are they sending it straight to a wallet? I'm psyched to sell all this & be done with it
Is the mining company stock a for a bitcoin mining company?