Hi, I have BTC, ETH and ADA staked on Celsius

Question

Hi, I have BTC, ETH and ADA staked on Celsius

network. Recently I've seen so much Tweet on Twitter about how risky it is to have our assets on Celsius and in case of bankruptcy we'll lose our coins. Is that true? Also it was another Tweet about Celsius having a big steak in UST and now in loss which would increase the probability of the network bankruptcy. Is this true?

0

15.05.2022

9 ответов

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Mindis S.
As per Celsius Terms and conditions your assets mi...

Did they sell their Cel?

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15.05.2022

CoolCash

99% of that is just FUD. 1, alex tweeted that they don't have anything significant in UST or Terra, 2. No different that Coinbase if they go under, there could be issues and Celsius has issues. They have billions at stake, literally. I am still 100% confident in them. They have always followed the rules, done what is best for us under current regulations of course.

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15.05.2022

Xjeu

This is half the truth. The main reason is because of the fear looming over crypto market and macro, and tera luna fiasco which ended up causing cel price dump, and loans liquidation which caused cascading liquidations. Be grateful cel isnt listed in perpetual future or margin trading. Otherwise the impact will be much more severe. But it doesbt mean cel token didnt have leverage, because celsian have loans in 0.5 to 2$ range which was over 1 or 2 years loan ago. Since then the loans have been liquidated or closed.

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15.05.2022

Mindis S.

Xjeu
This is half the truth. The main reason is because...

you can also add looming regulation, quickswap hack, alex communications on twitter all this created a toxic cocktail of fud

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15.05.2022

moera

CoolCash
99% of that is just FUD. 1, alex tweeted that they...

Its even totally normal. Every fiat bank, exchange, Celius or others you send your corn to, have it in their custody and its woned by them now. Also your dollars at your bank account at your normal bank are not owned by you anymore. If these institutions go bankrupt you loose your corn. And the insurance fund for normal banks will never ever cover it. Celsius probably has much more collaterol to cover losses as a bank. To FUD Celsius and try to create bankruns is really hypocrite. Every cash note not below your pillow or corn not on your ledger is at risk with a thrid party, but hej, we all want yield. Risk manage your assets and you should be fine. For now I trust Celius the most of al 3rd parties.

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15.05.2022

Deniz

They can cover it without issue, just numbers on secreen.

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15.05.2022

CGYAB89

Deniz
They can cover it without issue, just numbers on s...

Celsius is buying cel every week, price can’t go that low

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15.05.2022

moera

Deniz
They can cover it without issue, just numbers on s...

Oh no. In that case it would be 1. just numbers = hyperinflation a d collapse of EU 2. or being paid as long as it are not to much banks. But all in all NO system to trust anymore or use as an argument to be saver with fiat banks.

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15.05.2022

Mindis S. · Accepted Answer

Mindis S.

As per Celsius Terms and conditions your assets might be locked in the event of a bank run. As for UST, nobody knows, many companies in DeFi are affected by this.. when insiders sell CEL it is a huge red flag.. p.s. i still trust Alex and have my coins but iam scared

0

15.05.2022

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