Thread by @otisa502

1/140 The following are the transcribed questions and answers of me asking Simon Dixon questions on his Twitter Spaces Celsius AMA #5 with PlanC on July 11, 2022.

2/140 SIMON (@SimonDixonTwitt): "Could I ask, the people that have been trolling me the most on Twitter, like the main Celsius squeeze guy, I’d really love to speak to you, if you’re willing.”

3/140 AZAD (@pr_simondixon): "Is that Otis? He was listening. I actually tried getting him on as a listener.”

SIMON (@SimonDixonTwitt): “I understand that some people more prefer online than others, but I’d love to — you know, you’re giving me the most amount of shit

4/140 “and I’d love to actually speak to you and answer your questions, because I’d like to understand your intentions. My personal belief is that you’re just simply out to make some money from the token.”

5/140 ISAAC (@TheRealPlanC): “Simon, can I just say, I’ve known Otis for 2 and a half years. I actually feel Otis is a really, really solid dude and a really standup guy and he’s very loyal. He has a lot of really, really good qualities and I really respect Otis. That’s why I’m

6/140 “very confused why he’s so against you. But I actually think Otis is a good actor across the board."

AZAD (@pr_simondixon): "Otis is now a speaker. Thanks for accepting.”

OTIS (@Otisa502): "You’re welcome.”

SIMON (@SimonDixonTwitt): “Hey, Otis.”

7/140 OTIS (@Otisa502): “I’m here. My position has not changed, Mr. Dixon. I’m saying —

SIMON (@SimonDixonTwitt): “Why are you so skeptical of me?”

OTIS (@Otisa502): “I’ve said from day 1 show me the numbers, show me the proof. One thing you said

8/140 “last week is that the worst possible outcome here is for Celsius to file bankruptcy. I agree with you, it’s the worst possible outcome. You said, I’m going to prepare my plan. And I said yes, please prepare your plan. Now you’re saying let’s — as

9/140 “I said, last week you were against bankruptcy, I’m against bankruptcy. I’m sorry, let me disclose my interests before I start. I’m an equityholder in Bank to the Future, 6 figures; I’m a depositor in Celsius; and I own CEL token. One of my biggest issues that came up

10/140 “is, you said bankruptcy is the worst-case scenario for everybody, so you are preparing your plan. And I said that’s a good idea, let’s have Simon prepare his plan until we see the numbers from Mr. Mashinsky. Now you’re saying, the best plan is to file bankruptcy. Why?

11/140 “So that we can get transparency? You said if we go into bankruptcy court our assets, our cryptoassets, will be liquidated. You said that in a tweet. Now, why would you want us to go to bankruptcy court, when you can have your plan prepared as a last worst-case scenario?

12/140 “Please explain that. Because it seems if we go to bankruptcy court, we all get REKT. So why not do it outside of bankruptcy court with Mashinsky? Why bring us in there?”

13/140 SIMON (@SimonDixonTwitt): “Let me explain that. So initially when I believed that there was a future for Celsius as a company, it was absolutely the right thing to do the Bitfinex strategy and completely avoid bankruptcy, and that can lead to the worst result. When I

14/140 “started to get more information around how Alex was strategizing his side, I realized that no investor was going to invest. Everyone that I was putting forward had concerns about certain actions that were being taken and they just wanted transparency, and there was every

15/140 “action taken to not provide transparency; and therefore, I realized the only way to get transparency is file for Chapter 11 and have a much better strategy proposal so that it would be completely immoral if they sold those cryptoassets when compared to the plan that we

16/140 “present in front of them. So we put that plan in front of them, and we think that it would be criminal if they chose to sell cryptoassets rather than take that plan; because everything can happen in a timely fashion; we believe it gets a much,

17/140 “much better result for the relevant stakeholders and we believe it’s better for the market, and it can be executed in a timely fashion. So if you want to prove that your plan of liquidating everything in bankruptcy is better, then lawyer up, because we think this is a

18/140 “better approach. And that worked during the Mt. Gox scenario to prevent them from selling those #Bitcoin. So it’s a pure strategy. And it’s a constantly moving target based upon…”

OTIS (@Otisa502): “Let me ask you a question: What do you know that we don’t know?”

19/140 SIMON (@SimonDixonTwitt): “Uhm, what I know that you don’t know is what I’m under NDA for. So I can’t —

OTIS (@Otisa502): “Mr. Dixon, if you’re under NDA, you’re not supposed to be talking.”

20/140 SIMON (@SimonDixonTwitt): “No, there’s no such thing as a blanket NDA. There’s an NDA on certain conversations, there’s an NDA on certain information. And I’ve been very careful to make sure that I could educate the community as much as possible to get the best result that

21/140 “I believe for depositors in the framework that I have to people — that I disclosed to people, and then disclose my interests. Maybe in the world of Twitterverse one tweet could be interpreted in a different way and emotions are high and things get different. I’m trying,

22/140 “I’m trying my best. I think I’ve done a pretty good job, other people think I’ve done a good job; some people think I’m an absolute con man out to ruin their life, and I’ve been very careful to manage those interests. I don’t think Alex does the same. I cannot comprehend

23/140 “in my wildest dreams why anybody thinks that, other than Alex got us into this mess — and that’s an incredible achievement — that Alex could get us out of this mess, because those are 2 different skills.”

24/140 OTIS (@Otisa502): “I’ve never said Alex could get us out of this mess.”

SIMON (@SimonDixonTwitt): “OK.”

OTIS (@Otisa502): “What I’ve said — what I’ve said from day 1 and what everyone has been criticizing me about, so let me say it again: You’ve not shown me any evidence

25/140 “of what’s going on; you’ve told me that it’s a liquidity issue, then you said, oh, it may be an insolvency issue, then you said you don’t know, same thing I don’t know. What I said is I want to wait for Alex, or someone from the company, to tell me what’s going on."

26/140 SIMON (@SimonDixonTwitt): “Yes. OK, so that’s —

ISAAC (@TheRealPlanC): “Otis is beyond —

SIMON (@SimonDixonTwitt): “This is the crux of it. So, Otis, I think you got to the crux of it.

27/140 ISAAC (@TheRealPlanC): “Otis is beyond loyal. Like Otis is the most loyal person I’ve ever met.”

OTIS (@Otisa502): “This is not about being loyal, stop it. This is not about being loyal, this is about numbers.”

ISAAC (@TheRealPlanC): "OK, sorry.”

28/140 OTIS (@Otisa502): "Stop interjecting.”

SIMON (@SimonDixonTwitt): “Otis, let me tell you, it’s just a difference in strategy. See, your strategy is believing only act upon the information that Alex is willing to give you. My strategy is, Alex is not

29/140 “giving you the information that you need to make good decisions."

OTIS (@Otisa502): “Ever?”

SIMON (@SimonDixonTwitt): "Alex hasn’t given me any good information.”

OTIS (@Otisa502): "So you’re saying before he takes your plan he prefers to go the bankruptcy route

30/140 “and not say anything to any of us, and just go the bankruptcy route and not even take your plan as opposed to bankruptcy?”

SIMON (@SimonDixonTwitt): “No, no. My belief is that you will never hear from Alex ever again. That’s my belief."

31/140 OTIS (@Otisa502): “OK, we’ll never hear from Alex ever again. I take you at your word. Does that mean we’ll never hear from @CelsiusNetwork again or the board or —

SIMON (@SimonDixonTwitt): “It could be that you’ll hear from @CelsiusNetwork.

32/140 “Firstly, I completely — I think the reason —

OTIS (@Otisa502): “I cannot convict without evidence. You’re not giving me the evidence that I need. You’re saying yourself that you don’t know. That’s all I’m saying. I’m saying I’m willing to wait

33/140 “on the evidence. If I’m wrong I’m wrong, but I can’t do anything without it.”

SIMON (@SimonDixonTwitt): “Otis, got you. Here’s my strategy: I don’t wait for it to happen, I have to make a move before it happens, and there has to be an element of I

34/140 “could be wrong. Because if I wait until it’s too late, it’s too late."

OTIS (@Otisa502): “But dragging us through bankruptcy court, when you said — I understand your explanation. To me bankruptcy court is a worst-case scenario."

35/140 SIMON (@SimonDixonTwitt): “I don’t think it is anymore. I think bankruptcy is the only way to take Alex Mashinsky out of the decision-making process so that the fraud can be revealed so that an effective plan can be put in place

36/140 “by those that don’t have — that are not protecting their own self-interests.”

OTIS (@Otisa502): "Now you’re saying ‘fraud’ without the word ‘alleged’ in front of it. How do you know with 100% certainty that there’s fraud?”

37/140 SIMON (@SimonDixonTwitt): “I don’t, I just believe so.”

OTIS (@Otisa502): “So why didn’t you just say ‘alleged fraud?’”

SIMON (@SimonDixonTwitt): "OK, I try to. Maybe sometimes I get it wrong, but I always — people are

38/140 “criticizing me for — the reason that you know I’m not giving you evidence is because I try to use my words correctly. It is alleged fraud; there is no proof that he has committed fraud right now. I just think if you can’t see it right now,

39/140 “the probabilities are just incredibly against you that there is no fraud here.”

OTIS (@Otisa502): “I could be wrong, just as you could be wrong."

SIMON (@SimonDixonTwitt): “Exactly. But I’m not willing to hope and wait, because then it’s too late."

40/140 OTIS (@Otisa502): “You can’t do anything right now.”

SIMON (@SimonDixonTwitt): "If I didn’t put together this strategy, all the cryptoassets would have been sold."

41 OTIS (@Otisa502): "What can you do to speed up Mr. Mashinsky to make decisions on our behalf? Please tell me. I can’t do anything right now.”

SIMON (@SimonDixonTwitt): "Uhm, what we can do is educate the community so that we hope that there’s enough people putting

42/140 “the ethical pressure to start changing the approach that Alex is taking based upon information being out there; and therefore, a lawyer could advise him to change his approach.”

43/140 OTIS (@Otisa502): "With all due respect, sir, that would have to be done in the app. There are not enough people — this is a small sample size of the community. You have 570,000 active users, of that maybe 10,000 is on twitter, if you’re lucky 20,000, that knows

44/140 “about this. This needs to be in the app. I’m willing to listen and follow you, but you cannot ask me to follow you without evidence."

SIMON (@SimonDixonTwitt): “There’s only one person that can sign off. There’s only one person right now, because all the board

45/140 “members, I don’t believe they’re being harsh enough on Alex. I think Alex is an extremely powerful, manipulative character that has this incredible power to make people do things —

OTIS (@Otisa502): "I don’t doubt none of that.”

46/140 SIMON (@SimonDixonTwitt): — in a very narcissistic way against their interests. And I believe that Alex would throw me under a car in a second if it meant it helped his self-interest, because he doesn’t care about anyone else from the actions that I’ve seen other than

47/140 “himself; and he got the community to believe that he was something different from he is, and that is going to lose incredible amount of financial loss, and I will stand for depositors when I realized I was in the position that

48/140 “it’s either depositors or Alex and Alex is not the one to protect.”

OTIS (@Otisa502): “I don’t know why you think I’m against you and for Alex.”

SIMON (@SimonDixonTwitt): "That’s how it come across on Twitter.”

49/140 OTIS (@Otisa502) “Listen, I’m not even on your side and I’m an equity investor, and I have 6 figures in your company.”

SIMON (@SimonDixonTwitt): "Where am I misunderstanding then? What am I doing wrong?”

50/140 OTIS (@Otisa502): "I’m on depositors first. You said we have a difference in strategy."

SIMON (@SimonDixonTwitt): "By the way, my deposit is a lot bigger than my equity.”

51/140 OTIS (@Otisa502): "I never said not to prepare your strategy, prepare it. What I’m saying is you cannot do anything right now because it’s not your company; what’s going to happen is going to happen, so prepare for the worst-case scenario.”

52/140 SIMON (@SimonDixonTwitt): “Not true. There’s an incredible amount of actions that I believe have led to a different result that’s going to make depositors get a better result."

53/140 OTIS (@Otisa502): "OK, what can you do right now? Tell us what we can do right now to move Mr. Mashinsky. Tell us as a community, what can we do right now to move Mr. Mashinsky, to make him make the right decision, in your eyes?"

54/140 SIMON (@SimonDixonTwitt): “Have as much evidence as possible on every medium possible demanding and requesting the financials so that —

OTIS (@Otisa502): "As much evidence, or as much people?”

SIMON (@SimonDixonTwitt): “As much people.”

55/140 ISAAC (@TheRealPlanC): “There’s evidence. Just look at YouTube. Look at the videos coming out about Alex saying that it’s safer than a bank account and all this stuff. There’s so much evidence. That’s evidence."

56/140 SIMON (@SimonDixonTwitt): “Alex needs to do the right thing. You have made very bad decisions that have cost a lot of people a lot of money, don’t cost them more, take the right action. If you’re listening to this, Alex, take the right action, do

57/140 “what’s right by the people that you misled into getting into this. Do what’s right, don’t protect your own ass — I’m not talking to you, Otis.”

58/140 OTIS (@Otisa502): “I understand. That should be shouted at — that’s towards Mr. Mashinsky, if he’s listening. That has nothing to do with me. And I will tell yo again, Simon, I’m on the side of evidence and numbers.

59/140 “Let me say this, and I’ve tweeted it ad nauseam: ’The first person to present their case always seems to be correct, until they’re cross-examined.’ That is where I sit. Until you are cross-examined by Mr. Mashinsky, I can’t make a decision and follow you. I need the

60/140 “evidence. And if no one agrees with me fine, disagree; but that is how I see things.”

SIMON (@SimonDixonTwitt): “There is a bunch of evidence. I could take a screenshot of emails that were sent to me by Alex, but then I'll be in a position where I’ll

61/140 “be muted and have lawsuits up my ass and less effective to you.”

ISAAC (@TheRealPlanC): "Otis, I have screenshot evidence of insider trading within the company.”

SIMON (@SimonDixonTwitt): “I have screenshot evidence of all

62/140 “sorts of things where If I release that, I would become useless to everybody.”

OTIS (@Otisa502): "Even going to the media and doing this and doing that and doing all of this, you think that if a board can’t move Mr. Mashinsky we are going to be able to move him?”

63/140 SIMON (@SimonDixonTwitt): “There’s also —

OTIS (@Otisa502): “Hold on a second. Let me tell you where you went a little bit wrong.

SIMON (@SimonDixonTwitt): “Yeah, tell me.”

64/140 OTIS (@Otisa502): “If you want to get the community on your side, this is what you needed to do: You have PlanC. PlanC and I are/were friends. You could have simply laid out the information to him and say, who else is in the community that people respect?

65/140 “PlanC would have probably said, let me run it by Otis, as he usually does, let me run it by him. Now, you can’t come in the community and just divide it. I learned that you went to the board 3 times with your plan, and this 4th

66/140 “time now — and you can correct me if I’m wrong — you want to go back to the board with the community behind you. If you would just come out and say that and say what you want, that’s a different story. But to have Max Keiser (@maxkeiser) tweeting

https://twitter.com/maxkeiser/status/1530134477342756870?s=21&t=7VZS2PYx4X1Ev7Qc72G0pQ

67/140 “things like ‘$CEL Celsius going to zero. It’s a scam.’ and in the next breath next week saying, ‘Support my friend Simon Dixon’ with a ‘Hope’ sign, as in Obama’s ‘Hope and Change,’ that is not going to fly; that is where you errors lie.

https://twitter.com/maxkeiser/status/1543644779191451649?s=21&t=7VZS2PYx4X1Ev7Qc72G0pQ

68/140 “you got to understand that we are not going to just follow you. Be transparent. If you want the mining business, just say so. Say what it is that you want and then let the chips fall where they may.”

69/140 SIMON (@SimonDixonTwitt): “The mining business is the business that I think has the least value to me. I do have many people that can competently operate that, and I’d be happy to broker that if there’s no fraud in it. And if that —

70/140 OTIS (@Otisa502): “Not necessarily to you, I mean to your team. Whatever. What I’m saying is, just tell us what you want."

SIMON (@SimonDixonTwitt): “For the record, with Max Keiser here’s my opinion that I took. Firstly, I’ve known Max Keiser for years.

71/140 “We have had an incredible amount of back and forth and a volatile relationship where we do great business together and then other times we end up completely disagreeing with each other, and then we come back and suddenly start doing something else

72/140 “together, it’s a business transaction sometimes. I took the opinion that when Max Keiser started tweeting, I don’t want any kind of records that I was communicating with him in any way, shape or form, because I knew that those actions change

73/140 “the prices of certain instruments, and when those prices change, you don’t want any evidence that you tried to get someone to make a trade or do anything as a result. So the second that I knew these types of things we’re seeing — because I saw them publicly — I knew

74/140 “I cannot have any communication with Max Keiser with regards to Celsius, and I didn’t have any communication with Max Keiser with regards to Celsius.”

OTIS (@otisa502): “So why didn’t you say when Max

75/140 “Keiser endorsed you — you took the endorsement — why didn’t you say, Max Keiser, please, I don’t want your endorsement because you said “$CEL Celsius is going to zero. It’s a scam.” You tweeted it, and now you’re supporting me, please I don’t want your support.

76/140 “Instead you said, thank you for your support, Max, sum and substance. I’m trying to show you where you’re going wrong. It’s stuff like that that the community is not going to go for.”

SIMON (@SimonDixonTwitt): "OK. I’m just — yeah, I just didn’t take that opinion.”

77/140 AZAD (@pr_simondixon): “In fairness, Max says what he wants to say. No one can stop him, man."

OTIS (@Otisa502): "I understand that. What I’m saying is that he endorsed Mr. Dixon and Mr. Dixon has a picture where it says ‘Hope,’ as in ‘Hope and Change’ for

78/140 “Obama. Now, all I’m saying is that if you want the community behind you, just say, Mr. Keiser, I do not want your endorsement.

AZAD (@pr_simondixon): “I think on the Twitter Spaces anything can get misconstrued very easily, just like a ton of your messages got

79/140 “misunderstood from Simon and the team.”

SIMON (@SimonDixonTwitt): “For the record, I do business with Max Keiser in different matters, we have interests together in different matters. They’re not materially relevant to this, and I would — if

80/140 “there was a material relevance, I would say that. But Max Keiser is Max Keiser. I didn’t think — I thought at the time, OK, so Max Keiser is giving a bunch of the community a hard time; but because I’m involved, now he has decided to not give them a hard time.

81/140 “And I thought that would be a good service. That was my opinion. Maybe I’m wrong."

OTIS (@Otisa502): “Max Keiser tweeted at the time when Celsius was being attacked, ‘$CEL going to zero.’”

https://twitter.com/maxkeiser/status/1524827195620872193?s=21&t=cJrVynzgcwi6kCqvZq_Kgw

82/140 SIMON (@SimonDixonTwitt): "I still take the opinion that Celsius, it turned out that they supported certain people in taking out their deposits, which meant that they didn’t take financial loss. That’s actually a pretty tough pill to swallow. When I

83/140 “dug deeper into what’s happening at Celsius, it turned out that their warnings were actually something that people should know about, and they prevented some people, and they were able to get their withdrawals out, and that information saved them from

84/140 “losing their life savings. I’m meeting people who are losing their life savings who are suicidal right now, and I don’t like that.”

OTIS (@Otisa502): “I’m meeting the same set of people that are suicidal about losing their life savings. I don’t know where this

85/140 “concept came from that I hate Simon Dixon. Mr. Dixon, my name is Otis, you can find my last name in your documents, it’s 6 figures. I know that if you’re able to find shareholder value to act in your best interest, that’s in my best interest. I know that.

86/140 “But in this instance, I side with my fellow Celsians and fellow depositors. That’s just me. And for you to change my mind, all I’m saying is show me the numbers. If there’s a hole in Celsius, tell me what it is, not speculate and tell me what it is.”

87/140 ISAAC (@TheRealPlanC): "Hey, Otis."

OTIS (@Otisa502): "Stop, PlanC."

SIMON (@SimonDixonTwitt): "I wish Alex would give me the same transparency that every other company that I’m working with right now is giving me."

88/140 OTIS (@Otisa502): “Then stop speculating on us. You’re speculating on us."

ISAAC (@TheRealPlanC): "It’s not speculation anymore, Otis.”

SIMON (@SimonDixonTwitt): “I just can’t understand why every other company is providing the information to ppl that can help but one.”

89/140 OTIS (@Otisa502): "If this ends up in him going to prison, if that’s what it is, OK, what am I supposed to do? That’s his mistake."

SIMON (@SimonDixonTwitt): “Bingo! Bingo! I chose depositors over Alex because Alex is trying to make sure he doesn’t go to prison.”

90/140 OTIS (@Otisa502): “I choose depositors over Alex, too, so I’m not sure what you’re saying."

AZAD (@pr_simondixon): “Simon, Otis, can I just bring on Jason, a lawyer who was on one of the AMAs before. Jason, can you hear us?"

91/140 ISAAC (@TheRealPlanC): “Can I just ask Otis one thing very fast and then I’ll shut up?"

OTIS (@Otisa502): “Yeah, go ahead.”

ISAAC (@TheRealPlanC): "Otis, I have actual screenshot evidence that I can send to you that show and prove that there was insider

92/140 “trading within the company of CEL token. It was literally a pump-and-dump scheme for Alex to take out cash. I have evidence and screenshot that I received today. This is not speculation, Otis."

OTIS (@Otisa502): "That is not evidence."

93/140 ISAAC (@TheRealPlanC): "This is not speculation, Otis; it's beyond that. There is ample evidence right now that CEL token was — you have a lawsuit that just came in, saying there was $90 million pumped in from depositor money into the CEL token. That’s

94/140 “not in court yet, that’s an accusation. I have screenshot evidence that this is the case and like multiple people corroborating. Again, this is not just speculation."

OTIS (@Otisa502): "This is the number that I want from you, PlanC; this is the critical number that I

95/140 “want from you: There’s an alleged hole Mr. Dixon said in Celsius’ balance sheet. Mr. Dixon, let me ask you, let me not be speculative: What do you think that number is?"

SIMON (@SimonDixonTwitt): “I think it’s greater than $1 billion. It could be completely different.”

96/140 OTIS (@Otisa502): “In the beginning, I thought you knew what the number was, but then —

SIMON (@SimonDixonTwitt): "I’ve never known what the number is, and I know board members that don’t know what the number is. There’s one person that knows what the number is.”

97/140 OTIS (@Otisa502): OK, the number let’s say, for argument sake, is $1 billion. We are denominated in crypto. Is that $1 billion you’re —

SIMON (@SimonDixonTwitt): "There are all sorts of currency risks, so it’s a moving target."

98/140 OTIS (@Otisa502): — telling me 12,500 #Bitcoin that are lost and maybe 200,000 ETH that are lost? Was it stolen? Was it mismanaged? Was it lost in DeFi? I need answers to those questions.”

99/140 SIMON (@SimonDixonTwitt): “I’d love those answers so investors can put together an effective offer.”

OTIS (@Otisa502): “Until I get the answers to those questions, I can’t make a decision. I can’t convict otherwise."

100/140 SIMON (@SimonDixonTwitt): "Sure. And the dilemma is, I need to try and make a decision before I know those numbers.”

OTIS (@Otisa502): “You making a decision is fine; I just don’t like the decision going to bankruptcy court, because from everything I’ve heard

101/140 from you, you and I stand firm, if we go to bankruptcy court, it could take forever, it could take 8 years, our assets will be liquidated. So why is it that we can’t put pressure on Alex —

102/140 SIMON (@SimonDixonTwitt): “I don’t believe that anymore, actually. I believe if we give an effective plan that prevents that from happening, it’s less likely to happen, from the advice I’ve been given.”

103/140 AZAD (@pr_simondixon): “Sorry, Otis, I hope you don’t mind. Can I just bring — obviously, we want to come to a close now.”

OTIS (@Otisa502): "Just one more thing before you get to the attorney.”

AZAD (@pr_simondixon): "Go ahead, Otis.”

104/140 OTIS (@Otisa502): "Mr. Dixon, why is it that we can’t have you prepare a plan, everybody stand behind you, what we’re trying to prevent is if Celsius files for bankruptcy? And then if the chose is, well, bankruptcy or Mr. Dixon’s plan, everyone in the

105/140 “community, including me, no ifs ands or buts would choose your plan, even though it involves risks and 'recovery is not guaranteed,’ as you put in the bottom in small print. Why is it that we can’t do that? Why is it that we have to end up in bankruptcy court,

106/140 “that’s no good for nobody, just because you want to see transparency?”

SIMON (@SimonDixonTwitt): "I disagree, I disagree. I think it is based upon my attempts at previous strategies, and I think it’s the best result for depositors."

107/140 AZAD (@pr_simondixon): "Jason, did you want to say anything, and should we have a closing statement to end things, wrap things up?”

108/140 JASON (@FJasonSeibert): “Hi guys. Again, Simon, PlanC, nice to speak with you again. I had a lot of interaction with the community over the weekend, a lot of heartbreaking stories. I actually spoke with a woman today who lost her daughter’s college

109/140 “education fund as a result. So there’s real harm, there’s real damage, that’s impacting lives in a way that I don’t think a lot of people intended to do that were involved in what happened. Sometimes seeing those consequences of what happens in

110/140 “real life is difficult for the Mashinskys of the world when they’re making decisions and playing roulette with people’s money; they don’t really understand the true impact and how deep it goes. To that, I would just say that I really empathize with the community.

111/140 “I think Otis’s concerns about wanting to see the underlying evidence of what was lost, how was it done, the underlying cryptoassets of depositors, were they actually committed into some external custodian wallet or is it just a contract that they’re locked in and

112/140 “they’re still under the control of some internal wallet, what the machinations are of how these assets that were once thought to be safe within Celsius are now at risk. The answer, Otis, is, the only way you’re really going to see the delineation of those

113/140 “assets and where they are are going to be through a voluntary release by Celsius, which, grain of salt, I don’t know if I would trust what was released, or though mandatory disclosure by Court Order. And the only way that’s going to happen is either in

114/140 “some affirmative civil action, regulatory action, administrative or criminal action or through bankruptcy disclosures...”

OTIS (@Otisa502) has been dropped from the stage, unbeknownst to him.

115/140 SIMON (@SimonDixonTwitt): I just want to say, Otis, from everything I can hear in your voice, you are taking the actions that you think are right, and I actually really believe you’re an ethical, loyal person that has incredible passion for fighting for

116/140 “what you believe is right, and I have incredible respect for our interactions. I just disagree on the approach. And I haven’t met anyone that doesn’t say the same thing, that you’re a passionate, loyal person doing what you think is right.

117/140 “Everyone has told me that. And so, your integrity, it feels like it’s there no matter what, whether we disagree on the strategy. And you should hold me accountable, because you have your own views."

Timestamp 1:51:37

@SimonDixonTwitt
@pr_simondixon
@TheRealPlanC

118/140 It’s interesting Simon said before I came on stage with respect to me and the #CelShortSqueeze campaign, “My personal belief is that you’re just simply out to make some money from the token.” But towards the end, wirh me being removed from the stage unbeknownst to

119/140 me, albeit I tried to come back up, since I had a few more things to ask and also a closing statement, Simon said the following: “I just want to say, Otis, from everything I can hear in your voice, you are taking the actions

120/140 “that you think are right, and I actually really believe you’re an ethical, loyal person that has incredible passion for fighting for what you believe is right, and I have incredible respect for our interactions. I just disagree on the approach. And I haven’t met

121/140 “anyone that doesn’t say the same thing, that you’re a passionate, loyal person doing what you think is right. Everyone has told me that. And so, your integrity, it feels like it’s there no matter what, whether we disagree on the strategy.

122/140 “And you should hold me accountable, because you have your own views."

Mr. Dixon said in his closing that he believes I’m a loyal, ethical person and that everyone that he has come into contact with prior to today told him that, yet he knew all of this

123/140 because obviously he asked around to find out who the hell this Otis guy is, and everyone he asked said he’s a really standup guy and very ethical, no red flags, yet Simon took it upon himself to accuse me of simply out to make some money from the token, as if to say

124/140 I’m lying to the community when I say the motive of the #CelShortSqueeze campaign is to rekt the short sellers. It’s those subtle insult type of messages why no one trusts you, Mr. Dixon. You’ve heard nothing but stellar things about me, yet you insinuate without any

125/140 proof that I’m involved in the #CelShortSqueeze campaign for the sole purpose of making money off the token at the community’s expense and you didn’t mean that in a friendly way; you meant me tricking my followers to buy the token, dump it on them and make money that way.

126/140 @SimonDixonTwitt pulled this exact same stunt a few days ago when he put out a tweet saying @CelsiusNetwork filed a Reg D, so they knew CEL token was a security, and that any crypto exchange (hinting at FTX) trading CEL now needs to stop trading it; in other worlds, let

127/140 the short sellers get away scot-free and face no financial punishment for borrowing millions of CEL tokens, dumping it into the market from $2.10/$2.50, crashing CEL, thereby liquidating all of our CEL-backed loans. It is actions like those why the vast majority

128/140 of the community simply don’t trust you. The one place where they could direct their anger and take some revenge on the short sellers that caused them so much pain you’re trying to bail them out with a tweet, indicating that FTX should just close their shorts because

129/140 since FTX doesn’t have a license to trade CEL token, since it’s a security, they should stop all trading of CEL on it now. Truly a massive error on your part, @SimonDixonTwitt. You said you don’t want anything to do with the

130/140 Community-led #CelShortSqueeze, but here you are sending cryptic tweets to FTX that they should stop all trading on CEL because they don’t have a security license. That’s why the community rejected you, just like the board rejected your 3 proposals.

131/140 At this point, you’ve had so many bites at the apple you’ve swallowed the core. The next thing I asked you about is, you were not for bankruptcy last week because in any bankruptcy proceeding, they would liquidate all of our coins into fiat, but yet you’re for bankruptcy

132/140 this week because it gives you transparency into Celsius. People don’t care about transparency right now, they care about Celsius making them whole. They simply don’t care what Celsius did in the past; all they’re focused on is if Alex can raise any money and plug

133/140 whatever alleged hole there is, according to you, in their balance sheet. Once the community is whole, then we will focus on transparency. But as of right now, nobody gives a crap about transparency in bankruptcy court, because transparency doesn’t give us our coins back.

134/140 The only thing one can deduce from this behavior is that you’re very upset that you couldn’t get control of Celsius and now you’re hellbent doing everything you can to create a second round of FUD and cause a second bank run the minute Celsius decides to reopen.

135/140 You seem pretty upset that @Mashinsky didn’t accept one of your proposals and you simply can’t figure out why he would reject all 3 proposals. Well, maybe @Mashinsky went out and raised more money and that’s how he’s paying off those DeFi loans that we see on-chain.

136/140 We simply don’t know, and that’s why I’ve said from day 1 we have to wait to see some evidence, which means numbers. I asked you how big the alleged hole is and you said you didn’t know, but you speculate it to be over $1 billion. When you first entered the community,

137/140 you made it seem as though you knew what happened with Celsius and that you had answers and you knew how big the alleged hole is. Now it turns out you don’t know, just like we don’t know. And that’s why I said we have to wait. I further went on to

138/140 say, Mr. Dixon, you prepare your plan while Mr. Mashinsky prepares his plan and we as a community will take the better plan. You initially said OK, that’s fine last week, but this week you’re both hellbent on bankruptcy and badmouthing Mashinsky at every turn you get.

139/140 All you’re doing is creating FUD. You said it yourself, we can’t do anything but wait. We can’t force Alex’s hand to do what you want, which I don’t even know what you want to this day, other than to take over Alex’s company and run it the way you see fit. But that’s not

140/140 how this world works. If you like the borrowing/lending business so much, simply go start your own. You have a BFT token that’s 98% down year to date, use that as a start. It would be something amazing to witness, from a guy that only fucks with #Bitcoin and nothing else.

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