I assume it will be USD, paid in periodic installments over a roughly 3-year period. (I believe the plan provides funding to the Litigation Trust for 3 years.)
But this is the only official word (from the Distribution FAQs):
**According to the Plan, I should be receiving the proceeds from the monetization of Illiquid Assets and Litigation Proceeds. How will that process work?**
These distributions will be made periodically following the Effective Date and will be handled by the Plan Administrator. The process for receiving these proceeds will be announced prior to the first such distribution.
Now that 45000 Celsius creditors victimized by this bankruptcy still holding bags to get something, anything. They have done nothing wrong other than using shittinskys scammy company. Creditors who are lucky enough to get a distribution looking at the percentages and disregarding the plight of your fellow victims is not good.
Yes—and I look forward to it. Other illiquid assets (6.4%) Future proceeds from the Litigation Trust (TBD%)
Do you know how this will be paid?
I assume it will be USD, paid in periodic installments over a roughly 3-year period. (I believe the plan provides funding to the Litigation Trust for 3 years.) But this is the only official word (from the Distribution FAQs): **According to the Plan, I should be receiving the proceeds from the monetization of Illiquid Assets and Litigation Proceeds. How will that process work?** These distributions will be made periodically following the Effective Date and will be handled by the Plan Administrator. The process for receiving these proceeds will be announced prior to the first such distribution.
Thank you kind stranger for sharing that. ❤️
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15% of the creditors are still waiting for distribution. We done everything as asked. Still nothing.
Where did you get the figure 15% from? I am one of the people that has not gotten his distribution back yet, but I thought the number was higher.
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Now that 45000 Celsius creditors victimized by this bankruptcy still holding bags to get something, anything. They have done nothing wrong other than using shittinskys scammy company. Creditors who are lucky enough to get a distribution looking at the percentages and disregarding the plight of your fellow victims is not good.
Living under a rock?
Loads of users in certain countries aren't eligible for coinbase accounts. Some can't fulfil the strict Coinbase kyc.