I got liquidated even though my account has enough BTC

I didn't need to talk to anyone. I deposited BTC and used the app to resolve the margin call. Perhaps I am not as worried as some others. I am no bankruptcy expert but if Alex says they have extra BTC and ETH and they have BTC mining supplying more BTC can't they get Ch 7 protection and when crypto rebounds the excess ETH an BTC should revalue and make depositors whole?

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19.06.2022

Liam

Stuart
I didn't need to talk to anyone. I deposited BTC a...

Can I set up additional collateral with deposited BTC? Please tell me how to do it in the app

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19.06.2022

Stuart

Liam
Can I set up additional collateral with deposited ...

I had my cel BTC address whitelisted at an exchange. I transferred it in to add to the BTC in the app. About 10 minutes later the BTC was deposited and I clicked on loans which pops up the resolve margin call message. You select resolve and confirm it. You then get a confirmation message and a notice of the new margin and liquidation prices. You need sufficient BTC to get the LTV to 50% or it will not work.

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19.06.2022

Liam

Stuart
I had my cel BTC address whitelisted at an exchang...

thank you

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19.06.2022

Alan

I just let celcius liquidated my loan. I didn't dare to send more fund to top up or close my loan.

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19.06.2022

Mystery Meat

Alan
I just let celcius liquidated my loan. I didn't da...

it's tricky because if you took a loan at 25% LTV, you can risk losing a lot more collateral.

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19.06.2022

Zlem

Mystery Meat
it's tricky because if you took a loan at 25% LTV,...

This is exactly my situation and if it comes that point I will just buy back with my loan amount and hold. Because There is no official statement about my collateral is safe

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19.06.2022

mexaa

Zlem
This is exactly my situation and if it comes that ...

Not safe. Any more money you put in to Celsius at this point you should consider it lost. I'm mean this because you don't know how many funds they lost.

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19.06.2022

T M

Exactly! Once the CME opens tonight the market should see a decent rebound. Current drawdown is due to a lack of liquidity over the weekend and the bears taking advantage of it.

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19.06.2022

T M

T M
Exactly! Once the CME opens tonight the market sho...

Already happening

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19.06.2022

Matt · Accepted Answer

Matt

I’m so sorry to hear that. I almost got snipped but got lucky and got in contact over the phone. :/

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18.06.2022

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I got liquidated even though my account has enough BTC

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