1/6 The most action we saw from this super-whale short-seller was when he had to spend over $100 million in one day to defend his liquidation. The price was at $4.50 and he was forced to spend over $100 million on the CEL/PERP market to push the price back. These people don’t
2/6 give up, and the only way to get rid of them is to bankrupt them. There’s a lot of disarray right now in the community since we got to $4.50 and the whale flexed his muscles to show us how much money he has. We need to collectively get this price back above $4.50 so that we
3/6 can drain another $100 million from this super-whale and rinse and repeat. If we stuck together as a community and bought CEL off FTX and other centralized exchanges and put it into our self-custody wallets, we will beat him. If we don’t, he will fill his 20 million buy order
4/6 on FTX for $0.01 and beat us and have 20 million CEL hanging over our heads as a threat while we try to exit chapter 11, and @CelsiusNetwork could never operate their business in peace with him having 20 million CEL over their heads; he can crash the market, scare people to
5/6 dump with him and just buy all 20 million CEL back, except now he would end up with 25 million CEL, and he would just rinse and repeat, and before you know it he has 50 million CEL tokens doing this nonsense. So that’s why we have to beat him, not just wound him.
6/6 Yes, having him spend hundreds of millions of dollars is a start, but we have to bankrupt him, or have him spend $1 billion to keep his position open.

#CelShortSqueeze #Celsius $CEL
#CELShortSqueeze420
#CommunityFirst
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More from @otisa502

Aug 23
1/11 “As discussed above, Stone had long promised that he would return all of Celsius’ coins. But Stone later changed his tune. After two other sets of lawyers had been hired and fired (or quit) in connection with his dispute with Celsius, on September 1, 2021,
2/11 “Stone’s third set of lawyers delivered to Celsius a draft complaint. In the draft, Stone claimed it was actually Celsius that owes coins to Stone, not the other way around, disclosing for the first time that Stone had failed to keep his DeFi investments delta neutral
3/11 “as he had promised. Absurdly, and without citing a shred of evidence, Stone claimed that Celsius had agreed to shadow his activities, guess at the risks created by those activities (risks and activities that Stone did not report to Celsius),
Read 11 tweets
Aug 23
1/6 “In perhaps his most brazen theft from Celsius, in September 2021, Stone accessed Celsius’ 0xb1 wallet, stole coins worth $1.4 million, and then funneled them through Tornado Cash. As noted, the private key for a wallet can never be changed, so once a
2/6 “party has that key, it has access to the wallet permanently. Hence, after Stone’s departure from Celsius became effective in the Spring of 2021, Celsius sought to transfer all assets it recognized as valuable out of the Wallets. But in September 2021, an airdrop
3/6 “related to a Stone deployment of Celsius coins in November of 2020 was made into the 0xb1 wallet of 1.4 million DAI, a stablecoin pegged to the value of the U.S. dollar. The airdrop was made without notice to Celsius, but apparently had been anticipated by Stone.
Read 6 tweets
Aug 23
1/7 “Stone also began regularly to use a notorious money laundering application called Tornado Cash to obfuscate the origin, destination and counterparties to his transfers. Tornado Cash is a privacy protocol ‘mixer’ that masks the path of ETH
2/7 “that is transferred from a sender to a receiver on the blockchain. Among other things, a user can deposit ETH to Tornado Cash and then withdraw the ETH through a wallet with a different public key, or address, thus obscuring the final destination of the transaction
3/7 “on the blockchain. On August 8, 2022, the U.S. Department of
Treasury announced that OFAC has placed Tornado Cash on its SDN List, and that ‘all transactions by U.S. persons or within (or transiting) the United States’ with Tornado Cash are prohibited.
Read 7 tweets
Aug 23
1/5 “Stone assured Celsius, however, that Celsius could continue ‘to depend on us,’ and that ‘we do not take our responsibilities to Celsius lightly.’ The very next day, however, on March 10, 2021, Stone used the private keys for the Celsius Oxb1 wallet to steal 20
2/5 “Celsius ETH by transferring it to Stone's 0x50dd wallet. On March 16, 2021 seven days after assuring Celsius that it could ‘depend on us’ and that ‘we do not take our responsibilities to Celsius lightly,’ Stone began transferring the NFTs he had purchased with Celsius ETH
3/5 “to his Ox50dd wallet, including a number of cryptopunks. Stone proceeded to funnel two more Cryptopunks through Ox50dd to yet another wallet that, upon information and belief, is owned or controlled by Defendants or their associates. The stolen NFTs
Read 5 tweets
Aug 20
1/5 The following are notes from the 342 meeting with creditors (the UCC) that was held Aug 19, 2022 at 9 am EDT of @CelsiusNetwork under oath:

120,000 miners are already paid for and they’re just finishing the facility this year, which was said on the meeting this morning
2/5 between the UCC and Celsius Network. The UCC asked Celsius questions about its #Bitcoin mining business under oath and got answers. The Texas facility will be completed this year and the cash expenditures will drop dramatically. The mining facility is cash flow positive minus
3/5 the cost to build the Texas facility. They’re reinvesting all their profits in the facility. That’s why they asked the judge to sell their mined #Bitcoin so they could re-invest. Once the Texas facility is done, they’re expecting to be cash flow positive by $100 million in
Read 5 tweets
Aug 20
1/4 Some people are asking what does “tokenize the @CelsiusNetwork #Bitcoin mining facility to CEL token” mean? It means you take CEL and make it a security and anybody who owns CEL token will get a percentage of the mined #Bitcoin. The more CEL you own, the more virgin #Bitcoin
2/4 you’ll get on a daily basis from deciding to go “long” with Celsius. And I would propose doing the #Bitcoin distribution via smart contract. There are 692 million CEL tokens. So those CEL tokens will be the owners of the #Bitcoin mining facility. We can do the math later.
3/4 But I believe they’ll go beyond just tokenizing the #Bitcoin mining facility and tokenize every aspect of @CelsiusNetwork with CEL. Also, I would suggest they give the users 80% of the mined #Bitcoin via smart contract, consistent with their ethos of giving back 80% of
Read 4 tweets

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