#tether#gts#cryptocapital my 2bobs worth. No doubt ccc was dissolved by strike off not formal liquidation. (Can’t liquidate while having creditors and can’t assign the debt without an agreement) pay the outstanding fees and revive the Co probably cost 2k.
Seems unusual that the admin of GTS refused to accept service. Find someone owed money buy the debt off them and then go back to the admin and force their hand to liquidate. That should get their attention
Serve notice in Taiwan breach
Seek discovery in Taiwan as legally required to lodge accounts of parent company
Ultimately you want to show bitfinex traded insolvently for a period of time.
And that would be slap bang in the middle of when their were victims in NY ....ahem I meant customers. Then the NYAG could really go nuts and
Then go after hoeggy. Why? Coz you can find him. Has never just been counsel. Has been and is a shareholder. So he is an insider and influences a level of control over the companies. His expertise is unique as he is both an accountant and a lawyer.
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yesterday I flagged the flaky wording used by #celsius in their suspension of services memo to its members. ""Activated a clause" in their Terms of Use....without actually stating which clause they were referrring to.
Having read through the Terms of Use it appears one reason for not specifying the clause the clause they have 'activated' is there are more than one clause they are relying upon to effect the suspension
one for Custody [you retain ownership of the asset] (Custody only began 15 April 2022) and the other clause(s) are for the balance of all accounts [you relinquish ownership to Celsius].
If you have a rental property. You make a return by finding some nice people who need a place to live they undertake to pay you x return per week and as long as they dont wreck the place or stop paying everyone is happy.
Essentially you are entrusting your asset to a third party on the promise that they will make payments in the future as agreed. If they stop paying you kick them out.
So imagine your shock and horror. that those nice people started to have some financial issues because they werent getting paid by someone else and gave you a heads up by email refering to a bit of html on a website. Essentially we will get back to you when we can sort you out.
yesterday I threw out an off the cuff question to @bitfinexed
How much of the redeemed #tether was used to recover and maintain its peg?
The obvious answer is whatever they had to.
I've spent a big chunk of today crunching data to see what answers I could come up with.
Last night I scratched out my hypothesis - to maintain its peg...#tether would need to tap its own cash...can only do that via redemptions and the 'tell' will be burning the tokens like they never existed.
Basis for this thinking is pretty simple. That's what they do when they need cash and lots of it. Remember back in 2018 #novogratz was swooning over the orderly redemption of $700m by #tether.