šØ Alex Mashinsky sentenced to 12 years
Alex @Mashinsky sentenced to 12y as he breaks down & š in court , saying #CelsiusNetwork wasnāt just his baby but his life, and he failed to protect his community and is sorry for all the damages he provoked.
He agrees to forfeit $48M šµ
OK - now at Alex Mashinsky's sentencing - he and his four lawyers are at defense table. US has asked for 20 years; he wants a year and a day. Inner City Press covers crypto cases (including Do Kwon, book amazon.com/Crypto-Death-Sā¦ ) and will live tweet, thread below
(1/3) š„š 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.ā¬ļø
cases.stretto.com/public/x191/11ā¦
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 ā¬ļø
šØ New #CelsiusNetwork distribution of ~6% recovery to be expected by Christmas!
I'm now expecting a 4th distribution of 6% this Christmas, why?
As of July 31 & after subtracting the 3rd distribution, @CelsiusNework had $115M in their accounts & $128M of net reserves. With the
šØšø 3rd #CelsiusNetwork Distribution Incoming!
A new distribution for creditors, totaling 4.9% of claims at a $BTC price of $118k, is set to begin soon. This is nearly double the 2nd distribution (2.53%-2.75%). To calculate your share, multiply your claim by 0.049 (e.g., $100k
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 aš„ļø:
TopLeft->File->Make copy-> Edit.
If you are in your š±šlookā¬ļøš§µ
š§4th #CelsiusNetwork Distribution šµ ā When & How Much?
With the 3rd recovery distributed minus some creditors with issues, hereās a look at whatās still being pursued and the current recovery outlook:
Tether (@tether)
Celsius got margin-called by Tether when it was
Today, Ionic Digital announced that it has secured a transformational 10-year lease agreement with Nscale for our 234 MW Cedarvale facility, valued at approximately $2 billion. This agreement diversifies our operations, establishes Ionic as an emerging energy infrastructure
š„š¤Tether Motion to Dismissed #CelsiusNetwork DENIED, Tether could have to giveaway 57k BTC! ($6B)
@tether and @paoloardoino just took a big loss in the Celsius case. Tether will now likely try to look at settling at bankruptcy prices or look for a value below the contested
3ļøā£rdš Distribution of #CelsiusNetwork coming whenā & how muchš±...
There is more money coming to #CelsiusNetwork non-convenience creditors. Here is a break down of the largest bags:
Reserves
These are funds set aside due to contested claims, claim assertions, and ongoing
š 2nd #CelsiusNetwork distribution beginning 2.75%(127M) of your total claims.
- if you got it via paypal, coinbase or vemno you will receive it there.(provided you didnt deleted the account)
- if you haven't received any distribution they will be distributed at the same time.
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.
