Probably yes
It is one of their plans. They said something about the mining will be able to generate 720M in a certain amount of period.
hopefully they do it. I don't mind they pay me back in 100 btc in lieu of the over 1 million assests I put in...
Pls be noted..if you have 1 btc 2 days ago, the value of claim is pegged to USD, which was around 20k per 1 btc. In the event BTC goes up to 40k in 2 years time and at the same time Celsius is ready for compensating you, you will only get 0.5 Btc..because the value of your BTC was pegged to 20k per 1 BTC two days ago in the midnight of filing chapter 11
Where are you getting this info?
is this right? does it not depend on the plan chosen
That's true as they would have to peg to something if it came to a C7 or something. But it is possible that we get paid back in kind as part of one of the plans proposed in C11
Plan as of now and intention of the forces working to get decent options in this chp11, is to peg customer depos in kind, not in fiat
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