Not FUD just trying to understand. Is this good hopium or are they getting rid of their worst degen debt in preparation for restructuring negotiations? I’m just speculating.
From. Ftx trading or institutional loan repayments, not 100 percent tbh
That what worries me: https://twitter.com/AdamLevitin/status/1543095512588582912?t=cb1YzXl8PcbhU9hNSksyZg&s=09
Yes exactly. Not everything is hopium. Need to assess with a critical eye.
He’s just making calls for his own conclusions. I’d like to see him consider our side of the case, at least once
The dude is a bankruptcy professor with no skin in the game. He is viewing the situation objectively.
He’s making conclusions, though. All he sees here is bk proceedings
lets say he is right.... anybody with knowledge on the matter of BK's.... how much of a haircut would we be looking at? assuming lawyers taking a fat cut assuming there is a 2 billion dollar shortfall in celsius books assuming as someone mentioned, there arent many secured crediters would we be looking at maybe 50-60%?
And he might be right. I'd like to be prepared for any eventuality. My point was paying off loans could be positive OR negative sign. Until Celsius make PROPER statement, all we can do is imagine all possibilities and mentally prepare.
Shaved heads, bro.
You’re 100% correct, imo
If it bk that means the whole in the balance sheet is massive. But who knows, very hard to estimate with unknown variables. I'd think a 50% haircut would be a massive win in that outcome. It's just a shame it will likely be usd and in 5 years time. Anything but bk please god's of Celsius
If Celsius files bankruptcy just assume all your crypto is gone. This is why it’s easily the solution to avoid
Lol, tbh im already writing my entire celsius portfolio off🤷♂️ But this was just a curiosity question
I think most people did that when they closed withdrawals.
Is it a possibility that Celsius is using our deposits to pay down their loan?
Possibility? Pretty sure it’s a garauntee
Yes, they are definitely doing that.
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