Simon Dixon Profile picture
Left Investment Bank 2006. Launched @BankToTheFuture 2010. Spoke at 1st Bitcoin conference & published 1st #Bitcoin book 2011. Angel Investor 💯+ #BTC Companies

Feb 14, 2023, 10 tweets

#Celsius & @CelsiusUcc going after claims & causes of action against insiders due to "fraud, recklessness, gross mismanagement, and self-interested conduct." cases.stretto.com/public/x191/11… twitter.com/i/web/status/1…

Looks like they're settings the stage for the litigation trust. If you want to get in trouble with your significant other read this on Valentines Day inserts of being romantic. ❤️

One of the valuable assets for creditors is the personal wealth of the insiders. Here is how they unjustly enriched themselves using our funds & what they want to come after.

Exhibit A at the end of the doc goes through all the preferential withdrawals they've identified for each insider

This is what “better than a bank” risk modelling looks like 👍

2021 was like 2017 - you made money no matter what you invested in. Every professional crypto fund manager made abnormal returns. #Celsius lost $1.2bn. That’s an incredible achievement.

$CEL Rewards for an unprofitable year. Sounds like the bankers bonuses using government bailout money after the global financial crisis. “Banks are not your friends.”

Buy high. Sell low. The Mashinsky Method. Coming to a book store near you soon.

Abort ship. The signs of great leadership.

ICO sold to 1.343 unaccredited investors even though they relied upon the accredited investor exemption. I did not know that one.

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