They run several funds and are a fully licensed crypto mutual fund in the Caymans. On May 23 we got notice that redemptions had been paused, ring any bells. Up until today their website worked fine and the funds value continued to change daily. However they never responded to emails. Today they finally reached out to clients. They are going into liquidation, however, because our funds are segregated we should be fine. The company may be finished, but not our assets. Right now the only problem is that they were storing a lot of the funds on, wait for it, Celsius! I just point this out because here is a company that never reached out to clients with updated info for a month. All this time things were happening in the background and it appears that clients will be ok. So radio silence here at Cel may not be a bad thing?
That one of thing is breaking news and I can’t find a single mention of it anywhere. Care to share a link from a reputable source?
Is this true
Doubtful
Yeah me either. Seems like a big deal but no news. At the same time would never touch shady off shore companies
So have they said that your assets will be returned to you or liquidation means you’re getting pennies on the dollar ? I’m a little confused with what the outcome will be for you but I hope you don’t lose in this fund going into liquidation
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