Follow for
#CelsiusNetwork
CH11 news & 🎬s, tag me for 🆘.
🙏Donations info in the lnktree, helps me dedicate more time & value to victims. (No ties to Celsius)
🚨To all
#IonicDigital
shareholders: Be careful about who you entrust with the 🗝️to the 🏰you own(Shareholder Meeting Resolution). This account was the only 1 out of 300k creditors to accurately predict how much cash
#IonicDigital
had by analyzing the numbers! I will fiercely
🥳😲😡 MUST READ Part3 for ALL
#IonicDigital
Shareholders - Court hearing!! (27/08/24)
1/2) A lot was discussed in the 27th August court hearing about
#IonicDigital
. I'll break it down & revisit my numbers!
The company seems to have been managed incredibly well, even
(1/3) 🥂🎉 Good News for all
#CelsiusNetwork
creditors!
Judge Glenn has approved the modification to the orderly wind down, replacing the mining manager by
@USBitcoinCorp
this means no new voting needed & distributions can start as soon as 24th January.⬇️
Wonder how much you lost in
#CelsiusNetwork
? And How much you will receive?
You can now use this Recovery calculator just click ->File ->Make copy & insert your coins.
Started creating this on early Dec & took way more time than I expected, guide bellow ⬇️
1/14 Wondering how much you're getting now & in the future from
#CelsiusNetwork
?
V.4 Creditor Recovery Calculator is here! Now adjusted with all official data, if you are in a🖥️:
TopLeft->File->Make copy-> Edit.
If you are in your 📱📞look⬇️🧵
BREAKING NEWS
-
#CelsiusNetwork
is looking at having a stratefied recovery smaller holders bellow 5k might get all assets to leave.
- Larger holders will get a debt token that seems to represent all the value, so you can sell if you dont believe in the company or recovery.
1/14 Wonder how much you're getting or lost from
#CelsiusNetwork
?
V.2 Creditor Recovery Calculator is here! now you can change the mining valuation & other illiquid investments.
Click->File->Make copy-> Edit. ⬇️
@AaronDBennett
@TiffanyFong_
@GrahamStephan
Have you wonder how much crypto you will get if you are a creditor with over $5000?
At todays prices you should be getting around 51.4% in liquid crypto this % is based on your total claim at petition prices, as seen on the prices table.
Your total recovery should be ~79.7%
⬇️
🚨850M coming back to
#CelsiusNetwork
creditors! (450M ETH & another 400M of alternative investments & institutional loans).
This removes significant value from NewCo increases risk to the mining but gives more crypto & less risk to creditors.
After the Bankruptcy Court entered the Confirmation Order, we learned that the Debtors were informed by the SEC that it would not grant the requested pre clearance to transfer the illiquid assets or Ethereum to the proposed new company.
This is be a great win for all
#CelsiusNetwork
creditors! This opens the path for every earn creditor to be entitle to all recoveries coming from sueing insiders & the co. for fraud, misrepresentation etc. if the collective class claim is not approved, bar date will be extended.
Judge Glenn grants
@CelsiusUcc
motion to file a class claim. Big win for UCC and Earn creditors. Saves us all from scrambling to file claims by 4/28
#Celsians
1/2🚨All parties
@CelsiusNetwork
intends to sue have been posted with a brief description of the nature.
While Alex misrepresented Celsius risk.. These parties directly stole from you put some public pressure on them that could actually achieve faster recoveries.
It's the debt/claims you have agaisnt Celsius in Chapter 11, the recoveries are focus in these claims. Multiply your coins by these prices then multiply by 0.79(79% current recovery) .. Cel token has to be multiply by 0.25$ then by * 0.79
#CelsiusMining
40% profitable in February 🤯
By march all rigs should be fully deployed, new hosting agreement for 70k rigs signed replacing core scientific.
#CelsiusNetwork
Hey
@BlockFills
your CEO is a thief who stole 4098 ETH from
#CelsiusNetwork
users & never gave it back! He then went to court, lost, agreed to pay.. just to make a test transfer of 0.2 Eth, Why piss on 300k Creditors with this test transfer? Does Nick aspire to be the next
@SBF
?
#Celsius
is seeking a court order to issue subpoenas for examination & document production from Nick Hammer, CEO of Reliz, & related companies for failing to pay back a 4098.36 $ETH loan that went into arbitration & resulted in
#Reliz
owing Celsius 4,139.1436 ETH, $4,699,846.75
As
@CelsiusNetwork
starts expanding recoveries. It seems a big chunk of these creditors recoveries are being split in more than 1 email. 1 code/email for BTC & another for Eth.
#Celsiusnetwork
1/4 Latest calculation of the value remaining in
#CelsiusNetwork
it now sits at 60% (not Petition Prices) & 70% in the best scenario. I also thank the
@CelsiusUCC
for creating The Celsius Value EggHunt between 2 bankruptcies & hundreds of docs, so fun especially when we pay!⬇️
60.26% dollarize crypto distribution reached likely 1-2% more as I'm playing safe. And not including any new mining valuation.. let's just wish eth catches up that will translate to more inkind recoveries.
#CelsiusNetwork
Wonder how much you lost in
#CelsiusNetwork
? And How much you will receive?
You can now use this Recovery calculator just click ->File ->Make copy & insert your coins.
Started creating this on early Dec & took way more time than I expected, guide bellow ⬇️
How the recoveries emails look like for
@paypal
or
@venmo
!
🚨 PLEASE TRIPLE CHECK & confirm the EMAIL comes from this address! Many SCAMMERS & HACKERS trying to steal your money!
#CelsiusNetwork
As
@CelsiusNetwork
starts expanding recoveries. It seems a big chunk of these creditors recoveries are being split in more than 1 email. 1 code/email for BTC & another for Eth.
#Celsiusnetwork
🚨
#CelsiusNetwork
will not call you, you wont need to login in the app to transfer your crypto, you wont pay a fee to remove your funds, you dont need to connect your metamask, Celsius does not do customer support in twitter! Celsius will not send an SMS w/ links
@CelsiusNetwork
🚨Next Distribution Date Set for Q4 2024:
This might increase as we get near it.
148M was recovered but costing creditors 22M, net is 126M, THAT's 4.4% of your
#CelsiusNetwork
Claim
Most of this came from selling shares in
@Core_Scientific
& settlement from clawbacks.
🥳
#IonicDigital
Announces it has over 200M of Cash &
#BTC
. This means for finishing Cedarvale the expected cost was 70M & they only spent 25M, they did this by keeping all the mined BTC.
I was the 1st to prove this with official data in this post:
1/2 We had a nice end of the year in our mining operations we are with a gross margin of 56%.
If we assume the same margin post halving that's a net cashflow of 114.9M for this year.
#CelsiusNetwork
#CelsiusMining
Sources below ⬇️
If
#CelsiusNetwork
restarted operations today they would receive:
- 1.9M every month from loans interest at an average of 5.6%
- 9.5M interest owned on loans (1.9x5 mo)
- 3.9M from Eth staking per mo
- 662K from Alt staking per mo
- 300M owned by equities first or 5M a Month.
🚨A MUST READ FOR ALL
#IonicDigital
Shareholders!🚨
In the following thread, I will break down all current official numbers of
@IonicDigital
and explain why it's likely that the company still has around $208M out of the $225M seeded (~50% BTC, ~50% FIAT).
After the halving, by
How
@Coinbase
distributions emails look like PLEASE look at the address! No code needed!
I'm an European creditor, received it today but not all my family members w/ equal vote have received it.
#CelsiusNetwork
Why was 1B missing ?
When I said 1B I wasnt accounting for holdbacks.
Even w/ that 500M will still be missing, these are being held cuz of disputed claims, including stock.
Convenience(79.2%) will get f*cked & earn should still gets high +90% in time
#CelsiusNetwork
🚨
#CelsiusNetwork
files a claim for 1.242 B 🤑 vs
@Tether_to
perceived unsecured claim of 812.3M (Loan to Celsius)
A net total of 429.8M that if won in court could amount to ~343M back to ELIGIBLE creditors.
@paoloardoino
Source:
Cedarvale is powering up⚡️! So besides the space we now have power in this new site, this means we have money, power & space!
Next step is improving efficiency, this is what matters & should be directly tied to cashflow's 🤑
#IonicDigital
#BTC
#cryptocurrency
If any1 can track the movement of Celsius Native staked Eth they had 364k-December 22 369,000- April 23 & July they convert all stEth & natively stake it totaling 838,000. They received 27k from stakehound & moved 556k even w/ holdbacks just in Eth we should have another 119k
Currently I have gather 15 creditors that were incorrectly put into convenience, total Claim Damage:
696K
Total Claims 751k, missing in initial crypto recoveries $304k, missing shares 4,431 & $38k in expected winddown recoveries.
#celsiusnetwork
@CelsiusNetwork
@Kirkland_Ellis
Looking for fellow
#CelsiusNetwork
creditors & influencers to organize agaisnt the outright theft by
@Kirkland_Ellis
&
@Aaron_Colodny
agaisnt the people who didnt understand and/or werent warned in time that they opted into convenience.
Fellow Ionic shareholders, you've been kept in the dark too long. Let Judge Glenn and the press know. I'll ensure your voices are heard by the board & management. Reject the misuse of our money as a personal piggy bank and lack of respect shown to us all.
😲🚨A LOT OF NEWS FROM YESTERDAY’s
#CelsiusNetwork
Hearing!
(
#IonicDigital
News coming in the next tweet)
- In September, a new distribution path will be available to be chosen,
@Paypal
#Hyperwallet
. You will receive an email w/ the option to elect this new path. If you choose
1/4 Distribution Updates (28 July)
Half a year after the effective date, the 1st
#CelsiusNetwork
distribution has reached 93%.
Currently, there are 105k creditors who still need to receive their distributions, totaling $191M in value, with an average of $1,819 per creditor.
🚨
🚨
@mcagney
confirms he is open & willing to list
@IonicDigital
in
@Figure
a blockchain secondary market. This would allow the selling of the
#CelsiusNetwork
creditor shares to willing buyers until the audits are done for the
@Nasdaq
, could this be the first shareholder vote?
As much as 19.1% of
#CelsiusNetwork
Creditors might not received distributions for several months..
If you FILED A CLAIM on stretto w/ your coins & made any mistake and/or DID NOT VOTE for the plan.
Your claim is likely unliquidated look it here:
Very important questions to Celsius Creditors did you filed a claim manually & didnt vote or you waited for them to file your claims and then voted?
#CelsiusNetwork
Tomorrow there is a hearing in court about
#CelsiusNetwork
which will go over the current
#IonicDigital
shareholder update, there could more updates beyond the filing... Every creditor can listen to the hearing, look at the quoted tweet for a guide on how to do so.
(3/3) The total value left is over 49% at current prices, Im giving no value to the litigation proceeds nor the mining besides cash and other illiquid mining assets.
The final loss to creditors with time will likely be under 40%.
1/2 If you opted for convenience I would do everything I could to change back to earn! In a few months earn will get ~10%, a total dollar recovery of 67.9%. Meaning stocks+litigation+illiquid just have to return you 2.1%!
Email:
CelsiusSolicitation(AT) or..
Just released this recovery calculator, I think it is 1 of the simplest out there. It's a best guess approximation but shouldn't be far off. There could be some small errors if you spot them or have feedback post in the original tweet.
Wonder how much you lost in
#CelsiusNetwork
? And How much you will receive?
You can now use this Recovery calculator just click ->File ->Make copy & insert your coins.
Started creating this on early Dec & took way more time than I expected, guide bellow ⬇️
🚨Latest
#CelsiusNetwork
official(Nov 17) valuation very similar numbers to what I have posted.
51% liquid crypto high 70% total recovery (BASED ON PETITION CRYPTO PRICES JULY13).
Will run some number later but I think OWD returns more than MiningCo 🤯
Have you wonder how much crypto you will get if you are a creditor with over $5000?
At todays prices you should be getting around 51.4% in liquid crypto this % is based on your total claim at petition prices, as seen on the prices table.
Your total recovery should be ~79.7%
⬇️
(2/3) There is 3.976B in crypto that will be available for distribution to all creditors, 79% at filling prices, 43% at current prices.
The mining will receive $225M +$108M of illiquid value, creditors will also receive ~$242M in illiquid value. Blue is mining doc 3588 pg 23 ⬇️
I recommend making a new copy of the v2.7.2 sheet.
I was using the old Loans agreement, now I'm using the OWD treatment for Loans.
This changes significantly the recoveries for Earn close to 100% dollarized & 70% in crypto but it sucks massively for Loans.
1/14 Wonder how much you're getting or lost from
#CelsiusNetwork
?
V.2 Creditor Recovery Calculator is here! now you can change the mining valuation & other illiquid investments.
Click->File->Make copy-> Edit. ⬇️
@AaronDBennett
@TiffanyFong_
@GrahamStephan
🥳 Amazing effort by the
#CelsiusNetwork
or
#IonicDigital
community 😉 that managed to organize on such short notice. Over 1M shares signed
@elveton101
's letter! That's what active investing is all about, these are essential in aligning a board with its shareholders!
.
@IonicDigital
Shareholders!!!
My second letter to the judge has been posted on the docket. In only 4 days, we got over 1M shares (+$20M in value) voicing their displeasure with the current state of affairs! We need more answers to these questions.
🚨BREAKING Examiners report wrong by +718M.
In the examiners report page 124 by Shoba Pillay it was stated Celsius bought 558M in Cel tokens, now
@galka_max
@elementus_io
admits this was wrong & Celsius actually made 160M selling Cel to its users at an average cost of 3.72$! ⬇️
This google sheet calculator has already identify 5 people that mistakenly opted into convenience.. I wonder what would had happen if
@CelsiusNetwork
instead had built the expected recovery in the app & allowed people to see how much they were getting..
#CelsiusNetwork
1/14 Wondering how much you're getting now & in the future from
#CelsiusNetwork
?
V.4 Creditor Recovery Calculator is here! Now adjusted with all official data, if you are in a🖥️:
TopLeft->File->Make copy-> Edit.
If you are in your 📱📞look⬇️🧵
1/2 We had a nice end of the year in our mining operations we are with a gross margin of 56%.
If we assume the same margin post halving that's a net cashflow of 114.9M for this year.
#CelsiusNetwork
#CelsiusMining
Sources below ⬇️
1/5
#CelsiusNetwork
News
Motion granted to rescind the vote for earn users w/ over $9333 claims that were put in the convenience class. 🚨An option for creditors w claims between $6045-$9333 will also be given, dont throw away that money & shares! Link for Claim calculation ⬇️
Some
#celsiusnetwork
creditors read the plan & they see that Convenience gets 70% in liquid, this is a minimum guarantee. In CH11 all classes in the same priority must be treated equitable current numbers match almost exactly 79.2%
@EdoardoFrosini
What
#Celsiusnetwork
creditors might get access is a very rare oportunity of getting equity pre-ipo.
An example of a return in private equity, is Union Square that bought coinbase shares in 2013
@20cents
. If you had invested 100$ @ that time, @ IPO it would be worth 214,500$!
2/3 Using chatGPT about this matter it says an IPO requires 2y of audited financials which
@IonicDigital
doesnt have even on a direct listing, SPACs or IPO the only path to report less than 2 years can only be achieved w/ a unique approval by
@SECGov
so all back to
@GaryGensler
Contrary to popular believe there are creditors who made a profit in
#CelsiusNetwork
.
Here are the TOP 3 👑 luckiest winners +85k :
🥇+47.16% DANIEL DUONG
(DASH)
🥈+31.91% VALENTYN MIROSHNYK
(DASH)
🥉+27.22% THOMAS ABRAHAM
(DASH+EOS)
Gratz!
#celsiusnetwork
coin report as of March 17 snapshot & Mining report as of February
Summary:
- Less coins as pure custody starts withdrawing up to 75%
the btc liability
- Celsius mining public valuation using Huron value is up 34% w/ btc at 30k
⬇️⬇️
On 28th of June
@CelsiusNetwork
&
@CelsiusUcc
will attempt to execute a grand heist agaisnt 36,944
#CelsiusNetwork
creditors stealing at least 70M dollars.
If you have $Cel & wish to witness the heist or even attempt at preventing it here is a guide how to register for the court!
In case any
#Celsius
Creditors would like to reach out to👨⚖️Judge Glenn. This may be your last chance to make a difference on
#CEL81
.
You need to submit your letters ASAP. Next court date is June 28th. Follow this link.👇.
Case # is 22-10964 (MG)
Unfortunately or fortunately US bankruptcy law allows to go after funds that were withdrawn 90 days prior to a bankruptcy filing, this allows to democratise losses & recoveries for all.
Still setting current prices is truely evil! Only rewards should be pursued
#CelsiusNetwork
Celsius Network has officially sued me and thousands of innocent users in New York courts this week. Every single person & entity in crypto needs to be fighting alongside us against this bs. Because if we lose, it will affect every user of a cex.
We are every day people who
If you made the unfortunate mistake of trusting the design on the
#CelsiusNetwork
ballot & thought in no way could you lose +90% of your recovery by checking a box, a motion has been filed to correct this issue.
This still means crypto is only coming after March 21!
🚨The only "win" I felt in this bankruptcy process. Creditors who mistakenly clicked to opt out of earn w/ $9333 of claims will be automatically put back into earn, above 6k you will be given the option to do so!
#CelsiusNetwork
source:
As
@CelsiusNetwork
starts expanding recoveries. It seems a big chunk of these creditors recoveries are being split in more than 1 email. 1 code/email for BTC & another for Eth.
#Celsiusnetwork
Is seems like
@IonicDigital
is the real future account of
#CelsiusNetwork
as they removed the logo a non modification of
@electronjs
Did they paid an Indian 100$ to copy paste a logo? Do lawyers understand fair use & licensing ? Are the observers not observing? Tune for more 🍿
Looking for fellow
#CelsiusNetwork
creditors & influencers to organize agaisnt the outright theft by
@Kirkland_Ellis
&
@Aaron_Colodny
agaisnt the people who didnt understand and/or werent warned in time that they opted into convenience.
🚨This is the 2nd case I've seen, that people who toggle to receive more crypto rather than Stock are being incorrectly told they elected to be in convenience losing thousands in potential gains. Please be careful contact CelsiusSolicitation(AT) If you
In 2022, Tether made available USDt to some of its customers – including Celsius. Tether's arrangements with customers are very simple: Tether provides USDt to selected customers who provide an overcollateralization in Bitcoin.
If the price of bitcoin (the collateral) falls
@linxu0127
@USBitcoinCorp
+56% over 5k claims 23% stock from my calculations.
Users under 5k receive 79% of the dollar of their crypto in July 13 2022.
Did you knew that $Cel is the n°5 holding with the most creditors?
Of these 50% have more than 394$ , every creditor should fight to have $Cel @ the price of filling! Join telegram to get your right of your $Cel @ 0.81$
#CelsiusNetwork
Your
@Celsius
claim is based on the exchange rate when the Chapter 11 filing was approved (Petition Date). I have updated the prices in my chart, and removed previous charts.
🚨The only "win" I felt in this bankruptcy process. Creditors who mistakenly clicked to opt out of earn w/ $9333 of claims will be automatically put back into earn, above 6k you will be given the option to do so!
#CelsiusNetwork
source:
🚨 3.3.1
- Added Opting into convenience, if you did this & you're over $6620 you are losing money!
@geocrypto7
- Added 5% bonus as default to be not added to the 100%, watch cherry cake on image
@ColMostaza
- Added more miners & valuation set at Jan 25
#CelsiusNetwork
1/14 Wonder how much you're getting or lost from
#CelsiusNetwork
?
V.2 Creditor Recovery Calculator is here! now you can change the mining valuation & other illiquid investments.
Click->File->Make copy-> Edit. ⬇️
@AaronDBennett
@TiffanyFong_
@GrahamStephan
-
#CelsiusNetwork
is going to be publicly traded, will use third party services to be fully compliant with US regulation while they rebuild the company to be fully compliant
-
#Celsius
doesnt have resolution for loans but is aware of every issue with taxation & loan liquidations
🚨Attention Corporate Creditors!
Don't abandon the
#CelsiusNetwork
proceedings just yet! Corporate accounts eligible to be service by
@PayPal
or
@Coinbase
are going to receive:
- An additional 50% in
#BTC
in-kind and 22.85% more in
#ETH
in-kind.
If this is approved on September
3/4 We currently have reserves of 264M(5,3% of total claims for each creditor w/ shares) that are likely to return to creditors in the future (from bogus claims or contested claims). And another 93M(another 1.8% of total claims) getting this depends if clawbacked creditors decide
🚨MUST READ for
#IonicDigital
Shareholders - Part 2
1/7)
@Mattprusak
likely left
#IonicDigital
due to disagreements over how the board chairman
@mannyaidoo
was treating shareholders.
This major disagreement also led to the departure of another board member. I’ll break down why
🚨A MUST READ FOR ALL
#IonicDigital
Shareholders!🚨
In the following thread, I will break down all current official numbers of
@IonicDigital
and explain why it's likely that the company still has around $208M out of the $225M seeded (~50% BTC, ~50% FIAT).
After the halving, by
-
@CelsiusUcc
&
@CelsiusNetwork
doesnt believe in selling to competitors at a huge discount or test illiquidity on assets
-
#CelsiusNetwork
is looking at a extension again as the plan is complex & they will get 1 shot at this.
1/3 If
@MattPrusak
&
@ashergenoot
manage to IPO
@IonicDigital
this achievement will go into the history books as the IPO w/ the largest shareholder base & we should all support these efforts. But poor bookkeeping by
#CelsiusNetwork
could make this impossible ...⬇️🧵
If you have your odyssey account setup &
@IonicDigital
shares. I believe you should join
@elveton101
efforts here! The removal of the liquidity provision was a protection vs Hut but also vs the board until shareholders had the protections of a publicly listed co.
#CelsiusNetwork
Celsius/
@IonicDigital
shareholders!
I am writing another letter to the judge with follow up questions. If you want to join/cosign, please message me ur official name as it appears on odyssey plus number of shares it represents
The more the merrier!!
2.5k votes
With just 1% of international
#CelsiusNetwork
creditors is very weird.
So something is going on maybe they split 1 week for PayPal a&nd 1 week for coinbase to throttle down support tickets & I incidents.
This week should make it clear.
Many complain about the
@SECGov
seems they actually have our backs and are defending us from the
@CelsiusUCC
I believe what this is referring to is keeping the 400M loan from equities first in the Litigation fund to benefit all creditors!
If you are having problems with
#CelsiusNetwork
distributions open a ticket here:
As of now wired brank transfers don't seem to have started meaning if you can't be serviced by Coinbase/PayPal/Venmo you shouldn't have received your funds yet.
I believe
@Swan
is going to be clawback inkind for some BTC they withdrew in 1 of the companies that went bankrupt. This will provoke a hole in their balance sheet. If you need access to your
#BTC
in the next 2 years, I recommend precautions!
#FTX
#CelsiusNetwork
#BlockFI
🚨 URGENT: IF YOU HAVE FUNDS AT “SWAN BITCOIN”, WITHDRAW IMMEDIATELY
i do not take these warnings lightly but i’ve been hearing crazy rumors these last few days. the layoffs and the cancellation of the swan conf might be the least of their troubles
better safe than sorry folks