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.
4/36 By stating your “lemon” 🍋 comment, part of your argument is that the #CelShortSqueeze pumped the price of CEL before the July 13th Petition date, and therefore because of that “pump,” CEL should be reduced to $0.20. So let's take a deep dive into that, Aaron, using facts.
5/36 The price of CEL didn’t move significantly between June 20th, 8 days after the June 12th Pause which is when people really started gathering and talking about the #CelShortSqueeze, and the July 13th Petition date. There was some chatter a few
days after the June 12th Pause,
6/36 around June 15th, but that was just "talk." The real #CelShortSqueeze mobilization started around June 20th. So your claim of “manipulation” by the #CelShortSqueeze before the July 13th Petition date is a boldface lie, as evidenced by blockchain
7/36 data, attached hereto as screenshots, which is my Exhibit A. The correct date for the start of the #CelShortSqueeze is probably around June 20th — that’s a very fair date — and the #CelShortSqueeze didn’t get into high gear until after the July 13th Petition date, when it
8/36 became very clear that @AlamedaResearch and its CEO @AlamedaTrabucco took out a $200 million naked short on CEL token, as evidenced by @ArturMPA's July 9th tweet. Believe me when I tell you, people were furious when this information came to light.

9/36 Let’s say for argument sake -- and there is no argument b/c I'm right -- that June 20th was the start of the #CelShortSqueeze, the average price of CEL on June 20th was $0.92, and the average price of CEL on the July 13th Petition date was $0.78, according to @CoinMarketCap.
10/36 So let me get this straight, @Aaron_Colodny: Because CEL went from $0.92 on June 20th to $0.78 on the July 13th Petition date you’re claiming that the #CelShortSqueeze manipulated CEL token? Did you mean we manipulated CEL token downwards, @Aaron_Colodny? Check the numbers.
11/36 The #CelShortSqueeze didn’t really get into gear until after June 20th, and people got upset and it really kicked into gear after the July 13th Petition date, when more and more people found out that the reason for their CEL-backed loans being liquidated was because
12/36 of @SBF_FTX and @AlamedaResearch; and then they further found out that someone (we suspected @AlamedaResearch and @SBF_FTX at that time) had a $200 million naked short on CEL token, which is what drove the price that low to $0.81; otherwise, CEL would have been at $3.
13/36 @Aaron_Colodn, this is what you said on the @CelsiusUcc Spaces town hall verbatim: “So, Otis, I certainly hear you there. I’m sure that there are a lot of arguments on the other side. We all know that there was a short squeeze ahead of the petition
14/36 "date that I believe that you were part of; you’ve got the 'lemon' 🍋 in your logo. It also pumped that price and it was trading on a very thin margin before the petition date.

Timestamp: 1:29:31
twitter.com/i/spaces/1mnxe…
15/36 "We’re not saying we came up with the right answer; we’re
saying we came up with an answer and we’re listening to all of you that have different opinions on it and we’re going to take those into consideration.”
16/36 Let me start out by saying you, @Aaron_Colodny, stating that the #CelShortSqueeze manipulated the price of CEL before the July 13th Petition date is a boldface lie, and the blockchain evidence proves it, as evidenced by the screenshots attached as Exhibit A in Tweet No. 7.
17/36 You can make the claim that after the July 13th Petition date CEL token started to go up; but after the July 13th Petition date is irrelevant for our discussions and negotiations, because you
18/36 argued on the @CelsiusUcc Spaces town hall that “there was a short squeeze ahead of the Petition date that I believe that you were part of, Otis… it also pumped that price.”

@Aaron_Colodny, that was your not-under-oath testimony in front of more than 1,000 people on the
19/36 Thursday, February 17, 2023 5 PM EST @CelsiusUcc Twitter Spaces town hall, that the #CelShortSqueeze pumped the price of CEL before the July 13th Petition date. CEL didn't move significantly between the June 12th Pause and the July 13th voluntary Petition date.
20/36 @Aaron_Colodny, you clearly don’t know what “pump” means in crypto vernacular. You’re a @WhiteCase TradFier taking shots at a crypto OG for defending his terrain against the bad actors @AlamedaResearch, @AlamedaTrabucco and @SBF_FTX.
21/36 Tell me something, Aaron: How can you be angry at a retail user for fighting back against the Goliaths @SBF_FTX and @AlamedaResearch. You somehow think it’s OK for someone to punch you in the face and you should say OK and walk away. Let me tell you this: The Celsius
22/36 community is not a bunch of pussies that you can attack and we sit there and don’t fight back. Just because you're pussy doesn't mean we are; we are fighters and we fight for what's right, and in this fight, we are fighting for fairness for all CEL token holders.
23/36 @AlamedaResearch and @SBF_FTX attacked us viciously and we were not going to turn the other cheek. We were determined to expose him and his fraud and bankrupt the short seller, which we know now is @AlamedaResearch, with @SBF_FTX pulling the strings behind the scenes.
24/36 It turned out that we were 100% correct that the enemy was, in fact, @AlamedaResearch and @SBF_FTX, when everyone told us we were wrong, including @SimonDixonTwitt, whereas you, @Aaron_Colodny, and your firm @WhiteCase was listening
25/36 to @SimonDixonTwitt telling you that those in the cats 🐈 and lemons 🍋 camp are delusional and not to be listened to, only to look like a big fool in the end when the @SBF_FTX-led fraud was uncovered, in part due to the #CelShortSqueeze.
26/36 @SimonDixonTwitt himself told me that he was wrong about @SBF_FTX and I, @otisa502, got it right, meaning the #CelShortSqueeze camp got it right. He told me this before SBF declared bankruptcy on his entire $52 billion crypto empire; in other words, he saw what we saw late.
27/36 It’s not enough for @SBF_FTX and @AlamedaResearch to attack us viciously and we have to fight them — and we won by the way — now @WhiteCase led by their head honcho @Aaron_Colodny is attacking us viciously on @CelsiusUcc
28/36 town hall Spaces and somehow think we are going to stand down, sit in a corner and be quiet. WRONG! Like, dude, WTF are you thinking? Don’t you know our history of fighting nonstop and not getting fatigued or tired? We fought @SimonDixonTwitt from start to finish, and Simon
29/36 said he got tired; that he ran out of energy; that he's fatigued and don't know how we do it, yet this is the people you want to fight with, the #CelShortSqueeze community. Same goes for @SBF_FTX; we fought him to the bitter end and chased him
30/36 and his $52 billion crypto empire into bankruptcy. Make no mistake @Aaron_Colodny, we intend to fight you, too, every step of the way on this $0.81 CEL nonstop and chase you out of @WhiteCase if that's what it takes to get simple fairness for all CEL token holders.
31/36 This is not a fight that I asked for, @Aaron_Colodny; this is a fight that you started with your "lemon" 🍋 comment towards me, which showed the blatant bias you have towards us cats 🐈 and 🍋, bias rooted in @SimonDixonTwitt and his disciples.
32/36 @Aaron_Colodn, I'm sure your bosses at @WhiteCase are thrilled that you made that "lemon" 🍋 comment on Spaces and that now you're part of tweets, instead of @WhiteCase focusing on billing their client millions of dollars per month without the community noticing the amount.
33/36 So to wrap this up, @Aaron_Colodny, you lied in front of the entire Celsius community on that @CelsiusUcc twitter Spaces town hall just to get your point across that CEL token holders should be given $0.20 and they should shut up and take it because
34/36 the #CelShortSqueeze manipulated CEL token ahead of the July 13th Petition date. You have "ESQ." at the end of your name, @Aaron_Colodny; you are required to be truthful to your clients and the Court, not tell lies in front of an audience of 1,000-plus people.
35/36 Maybe next time, @Aaron_Colodny, you may want to do some research and get the real facts before you open your big mouth and go after me; because now we all know @WhiteCase is looking to railroad a certain portion of their client’s constituency by having their head
36/36 honcho @Aaron_Colodny tell lies and falsities to the community in public, all the while charging upwards of $3.5 million a month in legal fees, lies that can be proven to be lies using blockchain evidentiary data.

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More from @otisa502

Feb 18
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
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
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
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
Feb 11
1/22 EZ Blockchain.

EZ Blockchain-Celsius Mining Hosting Relationship.

Between January and March 2022, Celsius Mining entered into three mining hosting agreements with EZ Blockchain. Together, these three agreements provided Celsius Mining with

Pages 410-417
2/22 approximately 35 MW of power— capacity for an estimated 10,785 rigs—over a term of 18 months at a variable rate. Celsius Mining turned to EZ Blockchain because, according to Celsius Mining, its business model involves identifying small
3/22 blocks of power and being able to quickly install its containers and begin mining. This was attractive to Celsius Mining given Core Scientific’s deployment delays. Celsius Mining entered into its first hosting agreement with EZ Blockchain on January 27, 2022.
Read 22 tweets
Feb 11
1/18 Deployment History.

Core Scientific deployed Celsius Mining’s rigs at six hosting sites located in Dalton, Georgia; Calvert City, Kentucky; Grand Forks and Marble, North Dakota; and Cottonwood and Denton, Texas. According to Celsius Mining, Core Scientific

Pages 404-410
2/18 provided all promised hosting capacity under Orders 1-4, 6-7, 9 and 1-A but failed to timely complete deployment under Order 10, missing contracted deployment deadlines in the spring of 2022 and failing to deploy any Celsius Mining rigs after May 2022.
3/18 According to Core Scientific, the “deployment month” listed in Order 10 was simply a non-binding estimate of the month in which Celsius Mining was expected to deliver to-be-deployed rigs to Core Scientific, not a contractual guarantee of actual
Read 18 tweets

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