Why unlikely?

Question

Celsius Community

DINGES Crypto

Why unlikely?

0

30.06.2022

4 ответов

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DINGES Crypto Автор вопроса

Teutonium
CZ doesn't like to bailout companies, especially c...

Is it being managed badly? Or just missing liq?

0

30.06.2022

Teutonium

DINGES Crypto
Is it being managed badly? Or just missing liq?

I have no inside information and don't want to speculate... But I think a lot of people are in heavy denial because they have too much money in Celsius and don't want to see the cracks and would rather look at the best possibility...

0

30.06.2022

CryptoInvestor

DINGES Crypto
Is it being managed badly? Or just missing liq?

As there are so much losses going on due to contagion, I'd be surprised if Celsius escaped the contagion! Tether liquidated them right? And there are also other losses that's been reported/confirmed. They barely escaped the UST/Luna fiasco...so there has got be reason why lawyers were hired. The question now is how will they proceed? In the best interest of depositors or are they out to save themselves? Also, w/ pending lawsuits, what is best route to minimize the impact of multiple lawsuits? Not easy to resolve. Hopefully, they can pay down the DAI backed by wBTC since this bear market may possibly take BTC down to $10K.

0

30.06.2022

Teutonium · Accepted Answer

Teutonium

CZ doesn't like to bailout companies, especially companies that are being badly managed...

0

30.06.2022

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