will not allow someone in a restructuring/merger/acquisition to say anything” before it sinks in?
Question, if they can cover all users asset why bring lawyers here? There was another exchange with similar problems and they just limited withdrawals to $1,500 per month and no lawyers involved
Every business has lawyers. You don’t know the other company didn’t use lawyers.
The lack of clarity is very distressing, we all feel this. Trouble is we are hoping to get some positive change. I had 1.7 BTC and 5 ETH in Celsius
Are you 100% certain of current conditions? Do you know what will happen next? Do you sit on hands, hope it will work out, or do you go to the experts and get ready for many scenarios?
Yes, I’m pretty sure Celsius has it own legal department. But if it just liquidity issue, why bring lawyers outside?
If they could cover all assets there never would have been a withdraw freeze. Literally no reason to freeze withdraws unless you dont have the funds to cover
“Literally no reason”?
I had about 1.5 BTC and about 70 LTC.
about the same for me
If illiquid then people won’t really be worried and I am sure they would say this to quell fears…
Yes, and their own legal department would handle situation themselves and they don’t need to hire lawyers outside
It is possible they could raise emergency funding. Like blockfi did
I really hope they can find funding. We don’t want bankruptcy
Similar plus eth 🤦♂️ So mad at myself
Good lesson from Celsius
Very harsh lesson. Now i know how the mt gox people feel. Well I’ll be mostly done with crypto when this is finally confirmed to be over. Just a small position in some promising alts but I won’t be able to rebuild my prior btc/eth positions.
At least crypto prices going down so we can try to re-build our position again. You just have to pick right shitcoin. I remember I bought matic for $200, staked with crazy APY and sold it for 0.6 btc. Which I put on Celsius 🥹
I’m a double crypto loser. I lost my “profit taking” money in the UST debacle and now I’ve lost my “never selling” crypto in Celsius. I don’t and won’t have the disposable income in a very long time to rebuild those prior positions.
Unfortunately the same. My never selling crypto went to Celsius. It sounded way safer compared to other cefi like BlockFi on Nexo. Well …
I actually somehow dodged Luna. When it went popular I was kind of tired of crypto and didn’t want to invest money.
I pulled profits from other crypto and went into UST. Then trusted the brash outspoken leader when he reassured everyone it was under control… then watched my money go poof into thin air
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