Regulation question: how does it work if Celsius is actually

insolvent, but wants to keep fighting, like by putting their last billion into day trading? Is there a point where the government will step in and say "you're done, we're taking your assets, selling them, and will split it amongst your debtors? Can they throw in the towel so to speak, or is Celsius allowed to keep going until they literally have nothing left?
Alternatively if they investigate Celsius but actually find their recovery plan to be credible, can they let them keep going, or must they say "you need to allow withdrawals ASAP, even if we have to liquidate everything and give investors pennies on the dollar"?
I just don't know much about what exactly the gov usually does in this type of "troubled company" situation

21.06.2022

8 ответов

15 просмотров

Alexandra O

21.06.2022

R3al Patient IoTeXian

I think no one knows and what tos says is that we are unsecured lenders aka community who trusted our funds to be safe in celsius hands .. maybe celsius wants to make a bold statement once they are ready to resume withdrawal due to liquidity as they wrote and told us, maybe shit is way worse than some believe and not only lack of liquidity. Radio silence sucks 😞

21.06.2022

Jackie Chain Chain

R3al Patient IoTeXian
I think no one knows and what tos says is that we ...

it’s strange.. usually there is at least something. I wonder if they consider some influencers tweeter in their behalf to be enough communication, or they just don’t care

21.06.2022

Yeshaya Автор вопроса

Yeah, I'm much more pessimistic than I was a week ago. Even a 1 liner "sorry, we have too many assets tied up in long term investments, so we can't honor withdrawals for a couple months" would reassure me. The only reason not to assume the worst is because they're still moving around some money and lowering liq rates, but that's about it

21.06.2022

Mike

Lawsuits galore! The law firms are already soliciting people that have had their accounts frozen. If Celsius does not get ahead of this soon, they will have no choice but to be insolvent and then the lawyers all step in. To answer your question, if they actually do enter restructuring (bankruptcy) everything will be frozen and a third party will be brought in to settle things as best they can. Celsius would not be able to take on risky investments, etc.

21.06.2022

Jackie Chain Chain

Yeshaya
Yeah, I'm much more pessimistic than I was a week ...

does it really matter how we feel

21.06.2022

Federico Romanin

Las Vegas style... all on red or black 🎲 .. ALL IN... double or nothing 🙈

21.06.2022

Yeshaya Автор вопроса

Mike
Lawsuits galore! The law firms are already solicit...

Thanks. I guess the most frustrating situation would be if Celsius is financially capable of locking down for a couple months then honoring everything, but have their hands tied by lawsuits and need to just market sell everything. But at this point I'm just speculating with no data to pass the time. Sherlock Holmes would be ashamed :)

21.06.2022

Похожие вопросы

Celsius Community / QDV V

Hello 👋 all. Are creditors receiving the second distribution soon?

17.11.2024

2 ответов

Celsius Community / CR COMM

Will every person gets 2nd distribution who already got 1st distribution, in addition to Iconic shares???

15.11.2024

2 ответов

Celsius Community / N

Just got an Ionic Digital email. Is this a scam? "Dear Ionic Digital Shareholder, Earlier this year we sent you a welcome email when you became an Ionic Digital Inc. sharehol...

10.10.2024

3 ответов

Celsius Community / CR COMM

Is there anything needs to be done for 2nd distribution?

15.11.2024

1 ответов

Celsius Community / GR Austin

Hello. . I'm Austin who live in Korea. I had BTC, ETH in Celcius. Recently I found the news that I can receive my coin. Is it right? And is there a person who can help me. I ...

01.11.2024

2 ответов

Celsius Community / Shubhanshu 0.03

indian people did you receive the cheque?

15.06.2024

27 ответов

Celsius Community / E J

What' is convenience class? I forgot

15.11.2024

1 ответов

Celsius Community / Samantha

Hi! Does anyone know what will happen to the rest of our currencies? I noticed they only converted my ETH and BTC. Most of my funds are in LINK. :(

26.10.2024

3 ответов

Celsius Community / Matt

For the creditors who received recoveries through the hyperwallet site, does anyone know if they are supposed to get Ionic stock as well?

01.11.2024

2 ответов

Celsius Community / IndiFlana 4 Elephant.money

Is this legit? It came as a direct reply to an email I sent regarding my check in the mail not arriving. >> You will be receiving your Celsius claim distribution in US Dollar...

11.03.2024

14 ответов

Смотреть еще

Похожие чаты

Regulation question: how does it work if Celsius is actually

8 ответов

Похожие вопросы