The question is celsius @alexmashinsky @nukegold any news about the

i could be wrong.. but that's what i understand from mashinsky's tweets. "Notwithstanding the extreme market volatility, Celsius has not experienced any significant losses and all funds are safe" - those losses he's referring to are OUR funds not celsius'

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27.05.2022

Kristian

Kudos The Hero
i could be wrong.. but that's what i understand fr...

If users deposit 1m UST and Celsius holds 1m UST then that means funds are safe and Celsius took no losses.

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27.05.2022

Kudos The Hero

Kristian
If users deposit 1m UST and Celsius holds 1m UST t...

there would be zero risk management involved if that's true

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27.05.2022

Kristian

Kudos The Hero
there would be zero risk management involved if th...

What do you mean? Holding the funds they owe their customers is perfect risk management. Going short on a asset they owe customers like you are suggesting would be TERRIBLE risk management.

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27.05.2022

Kudos The Hero

Kristian
What do you mean? Holding the funds they owe their...

the value of those tokens went to zero. holding on to them is not avoiding risk, it would be a confirmed loss.

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27.05.2022

Kristian

Kudos The Hero
the value of those tokens went to zero. holding on...

No, holding on to them is the least risky thing they can possibly do. Remember, they owe their customers UST, not USD.

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27.05.2022

Kudos The Hero · Accepted Answer

My opinion about Celsius and the LUNA airdrop situation: So Celsius sold our LUNA before the crash and kept the profit. They used their amazing risk management procedures and avoided losses and I'm grateful for that. However the LUNA we've kept in our Celsius wallets is now worthless. I'm guessing since they sold the LUNA before the crash, their wallet wouldn't be eligible for the first snapshot, but that is not confirmed by anyone in the company. Despite that fact, they most definitely had plenty of time to put LUNA back in there for the second snapshot, at a fraction of a fraction of the cost - again, not confirmed if they'd done so... Either way, whether they are eligible for either snapshots, we know they have the funds from selling our LUNA before it crashed. So where's the 80% back to community?

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The question is celsius @alexmashinsky @nukegold any news about the

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