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Aug 29, 2020 17 tweets 10 min read Read on X
1/16 This is going to be an interesting thread. The following events happened on March 12, 2020 during the flash crash. Even I make mistakes. So please be careful when sending coins. A big thanks to @marisamcknight of @Liquid_Global for helping me through this disaster.
2/16 PLEASE NOTE: A good friend of mine has a @Liquid_Global account. She’s in a foreign country, as US residents cannot own a @Liquid_Global account. She’s not good with crypto so I help her from time to time. I teach her crypto and she transfer coins for me when I need to.
3/16 On March 12th during the height of the flash crash, I wired $10,000 into @Gemini to buy CEL tokens. I bought 75 ETH in total on @Gemini and I was rushing and sending 25 ETH to IDEX and 25 ETH to Switcheo, and then the last 25 ETH I sent to @Liquid_Global super rushing.
4/16 I sent the 25 ETH to @Liquid_Global not double-checking the address, because I wanted to get the CEL token price at $0.055 on @Liquid_Global, so I rushed. I transferred the 25 ETH from my @Gemini account to the @Liquid_Global account, but I transferred the 25 ETH to the
5/16 @Liquid_Global Celsius address and not the @Liquid_Global Ethereum address. I bought the CEL tokens on IDEX and also on Switcheo and jumped over to @Liquid_Global waiting for the 25 ETH to arrive. I waited like 30 minutes for the ETH to arrive, because on that day it wasn’t
6/16 unusual for coins to be delayed because the Ethereum blockchain was experiencing very heavy use. I said, let me check Etherscan, and when I checked Etherscan the transaction said “success,” which shocked me. So I went back over to @Liquid_Global and said I should see
7/16 the 25 ETH now. Nothing! it still didn’t arrive. And I said that’s impossible; the blockchain cannot lie. So I started to think what’s going on. I was scared as hell. 25 ETH at a total cost of $3,315 was missing and I was like what the fuck. So I said, you know what, let me
8/16 double-check the Ethereum address, and that’s when I realized the mistake. My heart sunk. I sent the 25 ETH to the Celsius address on @Liquid_Global, NOT the Ethereum address. Long story short, @Liquid_Global said there’s no guarantee I’ll get the 25 ETH back, and even if
9/16 they try to retrieve the 25 ETH, it wouldn’t be until at least 3 or 4 months down the road. So I waited and sent emails in the interim to the @Liquid_Global tech team and they just said I have to wait. 
Sometime in June, I bought some CEL tokens for a friend of mine on
10/16 @Liquid_Global and I noticed that the withdrawal fee increased from 5 CEL tokens to 15 CEL tokens even though the CEL price was at $0.325 and not $0.055 anymore. I sent out an angry tweet, which many of you may remember, because it lit up the Celsius community on Twitter.
11/16 @marisamcknight saw the tweet and @waseemshabout put me in touch with her and she lowered the CEL withdrawal fee to 10 CEL within 3 hours. @marisamcknight contacted her tech team in June and said her tech team will be able to do the retrieval in August. The tech team
12/16 contacted me last week and said they’ll have the 25 ETH retrieved and sent to my Ethereum wallet on @Liquid_Global, and this morning I got an email saying the 25 ETH was retrieved and in the Ethereum wallet on @Liquid_Global. When I tell you I did not delay logging into
13/16 @Liquid_Global and transferring the 25 ETH over to Celsius, I mean I did not delay. I checked the Celsius address 10 times just to make absolutely sure, as I didn’t want another error, and the 25 ETH are now on Celsius earning 4.55% APY. I just want to say a big
14/16 thank you to @marisamcknight and the entire @Liquid_Global tech team for doing this. I bought the 25 ETH for $132.60 apiece ($3,315) on March 12th and the 25 ETH are now worth, at the time of writing, $9,850, a 197% increase. It is bittersweet because that 25 ETH was
15/16 supposed to buy CEL at $0.055, which would have given me 60,272 CEL on March 12th, but I’m so grateful to have the 25 ETH back. 

Let that be a lesson to anyone, to always take your time when sending coins and double and triple checking your deposit addresses. Even though
16/16 I’m a pro at sending coins, I make mistakes, & that mistake cost me getting CEL at $0.055 but I’m so grateful to get the 25 ETH back, as I could have lost the 25 ETH ($3,315)
BTW, I was still able to get CEL on Switcheo & IDEX for like $0.058 & $0.06 using the other 50 ETH. ImageImageImage

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More from @otisa502

Mar 9, 2023
1/10 For those that prefer to read this epic and spectacular takedown of @SimonDixonTwitt by @AlderLaneEggs as opposed to listening to it, here to go:

MARC (@AlderLaneEggs): But it could be a really big deal. And that’s all I’m trying to say, it could be a really big deal.
2/10 If digitization of securities is going to work, then —

SIMON (@SimonDixonTwitt): You know tZERO is not the only game in town, right? Do you know the story behind tZERO and Patrick Byrne and everyone?
3/10 MARC: Yeah, I’m well aware of Byrne, and Byrne is 4 years gone, and I helped throw his ass out of there. tZERO is the only game in town.

SIMON: No, you got Securitize, you've got INX, you've got —

MARC: Is INX SEC and federal approved?
Read 10 tweets
Feb 19, 2023
1/36 Dear @Aaron_Colodny of @WhiteCase, you made a “lemon” 🍋 statement towards me on the last @CelsiusUcc town hall, held Thursday, February 17, 2023, insinuating that the #CelShortSqueeze is what’s responsible for the manipulation of
2/36 CEL token, thereby justifying your $0.20 price, along with the Examiner's report. I certainly didn’t want to take the time on the @CelsiusUcc town hall to respond to your nasty comment, but I’ll do the response here in a tweet; this way you have my response in writing.
3/36 @Aaron_Colodny, It seems like you haven’t studied the Celsius case enough, yet you want to pick a fight with someone with an extraordinary memory, especially when it comes to @CelsiusNetwork, while charging the estate upwards of $3.5 million a month.
Read 36 tweets
Feb 18, 2023
1/36 All of you who are reading this and involved in the Celsius bankruptcy are here because of one thing: CEL token. If there was no CEL token ICO, none of you would be here and Celsius would not have gotten $30 billion in AUM;
2/36 there would be no "pie" to fight over. All of you in different buckets seem to relish the fact that it’s OK to punish the children for the sins of their parents. The CEL token holders are the most loyal people I know; down to this day they’re loyal to Celsius, to the chagrin
3/36 of many free-loading Bitcoin and Eth maxis. So let me get this straight: The UCC, Kirkland & Ellis/Celsius and NovaWulf want to start a NewCo, they're looking for loyal community followers, yet you’re screwing the core of your community, the CEL token holders. Good job!
Read 36 tweets
Feb 11, 2023
1/8 @GaryGensler told the following lie to @andrewrsorkin:

“330 million Americans are our clients,” adding, “Kraken knew how to register, others know how to register, it's just a form on our website … And if they want to offer

coindesk.com/policy/2023/02…
2/8 staking, we're neutral, come in [and] register because investors need that disclosure.”That’s a boldface lie, & @GaryGensler knows it. They’re not neutral. What’s my evidence? @coinbase went in to the SEC to register their USDC Earn product and the SEC said it was a security.
3/8 How is that a security? @coinbase simply wanted to give the SEC a heads-up and was told by the SEC “screw you, @coinbase.”

The SEC's enforcement action against Kraken has already invited criticism, even from within, with SEC Commissioner Hester Peirce
Read 9 tweets
Feb 11, 2023
1/24 The Midland Energy Contracts.

PPM acts as Celsius Mining’s power broker for the Midland sites and brokers agreements between Celsius Mining and retail electrical providers (“REP”). An REP buys electricity at

Pages 425-431
2/24 wholesale prices and sells it to the end user, acting as a middleman between the retail purchaser and the utility distribution company (“UDC”) that owns the wires that allow for energy transmission to the customer site. Under its agreement
3/24 with Celsius Mining, PPM receives a commission of $0.001 per kWh of energy it brokers. The REP collects this commission and remits it to PPM. The REP also collects payment for the UDC, which—in Celsius Mining’s case—is Oncor Electric Delivery Company LLC (“Oncor”).
Read 24 tweets
Feb 11, 2023
1/33 Luna Squares LLC
Luna Squares-Celsius Mining Hosting Relationship.

Celsius Mining secured hosting capacity from Luna Squares in early 2022 when Celsius Mining began having difficulty securing hosting capacity from Core Scientific. According to Celsius

Pages 417-424
2/33 Mining personnel, Luna Squares was an attractive hosting opportunity because Celsius Mining viewed Luna Squares as charging reasonable hosting rates and being competent at quickly and economically building out infrastructure for mining,
3/33 as it had a pipeline of sites it could build out. Celsius Mining and Luna Squares entered into a Customer Equipment Co-Location Agreement on February 23, 2022, for 90 MW of hosting capacity. The agreement provided for the deployment
Read 33 tweets

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