“ The lead investor at Celsius, Simon Dixon, had proposed that the network implement the same recovery as Bitfinex did after the 2016 hack.” Celsius Discusses Possible Bankruptcy Filing Amid Liquidity Issues https://t.co/cMjGzN4G2w
Boards have a fiduciary duty to do best for shareholders. I’ll push till the final hour with proposals I believe are better than @GoldmanSachs - my belief is that if depositors do well that’s best for shareholders. If depositors do badly @CelsiusNetwork shares are worthless
Let’s discuss @Nexo - reach out to the @BankToTheFuture team or DM me. We can do better than @GoldmanSachs - let’s put something together for the @CelsiusNetwork community that makes depositors good.
It’s really simple. If @CelsiusNetwork goes bankrupt #Bitcoin may save depositors in ten years if #TradFi does not sell the #BTC - research Mt. Gox to see how that plays out. If they choose the path of @bitfinex and @BankToTheFuture and it works this could be done in 9 months.
#celsius is finally starting to receive its #Ethereum withdrawals from @Bancor after a 7 day hold period...
Tx.
0xfa36afa5d5059e1f23c9d773302cc3937bccd2ffff572fee67335ec6bd4783dc
1/ People keep asking me as a #Bitcoin guy why I want to action a free market solution for @CelsiusNetwork- I’m a depositor with a small portion of my total wealth lent - it’s worth tens of millions. I’ll be fine whatever happens, but other people depend on those deposits.
I believe TradFi will push for a sale of assets & takeover bids of @CelsiusNetwork are likely to be predatory - it is unlikely to help other than remove some debt burden. We want to support Celsius and @BankToTheFuture investors. I am here to help https://t.co/FyF1Qaw6ZE
We like our #CashAppFriday al dente. We’re giving away $100 to 100 people today. RT with your $cashtag and make sure you follow @cashapp for a chance to win.