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Aaron Bennett Profile picture
@AaronDBennett
Feb 15, 2023 • 15 tweets • 4 min read • Read on X
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BREAKING: Here is #Celsius's Reorganization Plan

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More from @AaronDBennett

Aaron Bennett Profile picture
Feb 15, 2023
Yup, the #Celsius insiders are going to be prosecuted for taking customer funds and buying CEL with them, and then cashing out 10s of millions.

Oh, and there is no proof Alex even invested in the ICO, like he promised and stated he did.

FREE MONEY!
Alex and co got rich from taking user funds to pump up a shitcoin (CEL) to then sell, all while he's saying he wasn't selling.
Read 12 tweets
Aaron Bennett Profile picture
Jan 4, 2023
CELSIUS 😳 Judge Glenn ruled that Earn coins belong to the Estate vs the customer.

Here’s why:
1. A plan for a Celsius Reorg.

If Celsius is going to present a plan for a reorganized company, then they’ll need funds to do so.

The Judge believes that a reorg is one of the only ways customers could be made 100% whole.
2. Protects creditors from equity holders.

If the Terms of Service are voided, which in giving title of the assets to the customers would do, then over $1B from equity investors could dilute the creditors stake in the company, thus getting less $ back.
Read 6 tweets
Aaron Bennett Profile picture
Aug 16, 2022
I’m watching the @CelsiusNetwork second day hearing right now. Updates to come …
Sussman wants to resolve the two ad hocs (custodial- $180M and withhold accounts -14.5M)
They realize the liquidity issue is a TOP concern and will resolve it. They have multiple offers that can help increase liquidity.
Read 26 tweets

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