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Simon Dixon Profile picture
@SimonDixonTwitt
May 2 • 18 tweets • 8 min read Twitter logo Read on Twitter
OK. Latest on the #Celsius Chapter 11…
Auction continues tomorrow - Notice about the 5/3 @ 10am continuation time cases.stretto.com/public/x191/11…
Joint agreement between Celsius/@CelsiusUcc to have W&C/UCC pursue & litigate the constructive fraudulent transfer/conveyance and similar claims held by LLC against CNL. All to push towards setting what creditors & shareholders own cases.stretto.com/public/x191/11…
This is what I was pushing for on the space I joined over the weekend before trolls came in & ruined the conversation for creditors. I was sharing why we should push this first to resolve shareholders/creditors issue.

#Celsius/K&E motion to substantively consolidate. They argue… twitter.com/i/web/status/1…
If you want some brain dead content here is what happened on the Space while I was helping creditors understand all the inter-company loans & how we avoid a big rug pull. Creditors were understanding what we need to look out for & then…😂
UCC argument for substantive consolidation and joinder to #Celsius motion. They argue that CNL & LLC have always been the same entity and the whole CNL to LLC transfer was a sham. Creditors & Celsius itself saw CNL & LLC as functionally the same. They assert that while CNL… twitter.com/i/web/status/1…
My next #Celsius Chapter 11 Space tomorrow twitter.com/i/spaces/1ZkKz…
Some investigative work from @camcrews ahead of the #FTX subpoena to resolve $CEL settlement to investigate CEL token manipulation on the short & short squeeze side
UCC AP on behalf of LLC against CNL for constructive fraudulent transfers. They argue that CNL entered into these sham transactions designed to keep the business operational at the expense of its customers. The @CelsiusUcc argues that CNL purported to transfer all assets &… twitter.com/i/web/status/1…
As a reminder Alex Mashinsky supporting creditors - put your money where your mother is…
Back to some brain dead content again to give the serious content a break. 😂 I’m sorry I did not buy $CEL but maybe come after the person that created it & scammed you, rather than the messenger that told you the truth about it instead…
Update from @CelsiusUcc here
Commentary by @CoinDesk
Series B Preferred/Milbank is appealing Judge Glenn's ruling on the Class Claim motion

cases.stretto.com/public/x191/11…
Pro Se Santos #CEL81 motion adjourned to June 28 @ 10am ET.

cases.stretto.com/public/x191/11…

Pro Se StJohn's $CEL motion also adjourned to June 28 @ 10am ET.

cases.stretto.com/public/x191/11…
Euclid Financial D&O (Directors & Officers) policy underwriters are asking the court to lift the automatic stay so they can help pay the defense costs for everyone covered under the policy. Even through liability insurance is usually considered property of the estate, they argue… twitter.com/i/web/status/1…
Not sure if #Celsius would have other umbrella insurance or something in excess of this policy to help creditors. Image
#Celsius Auction adjourned till 9am ET today. Check my last space recording yesterday (link above) for more details cases.stretto.com/public/x191/11…

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More from @SimonDixonTwitt

Simon Dixon Profile picture
Apr 18
#CELSIUS HEARING LIVE: Updated Agenda
- Company Status Update

Uncontested Matters
- Stout Retention Application (Valuation Advisor)
- Withhold Settlement
- Wohlman Settlement

Contested Matters
- Class Claim Motion

Fee Applications
- Fee Examiner's Summary Report
- K&E
- Akin… twitter.com/i/web/status/1…
#CELSIUS HEARING LIVE: Ferraro going over Company Status Update Presentation. Going over withdrawal slide. Image
#CELSIUS HEARING LIVE: Going over mining slides. Estimating 58k miners deployed in May and 68k deployment in June. ImageImage
Read 24 tweets
Simon Dixon Profile picture
Apr 17
TL:DR Pre #Celsius Chapter 11 Court Hearing Updates:
Ignat Tuganov, via counsel, has concerns related to the UCC @CelsiusUcc being the representative for the class claim motion. He wants more specifics related to amount of, voting rights related to, and possible settlement conditions for the class claim. He is concerned about the… twitter.com/i/web/status/1…
The UCCs omnibus reply to the other parties regarding their class claim motion. They largely reiterate and expand on their previous reasonings for the class claim, countering the series B preferred objections along the way. They have also included language in the proposed order… twitter.com/i/web/status/1…
Read 25 tweets
Simon Dixon Profile picture
Mar 29
Latest #Celsius Chapter 11 Updates For Creditors with TL:DR:
Settlement of litigation from a former employee that did not have a separation agreement but alleged discrimination. She brought a case against Celsius in the UK and given the @CelsiusUcc involved with litigating it, #Celsius and the UCC decided to settle cases.stretto.com/public/x191/11…… twitter.com/i/web/status/1…
Flow Diagram of #JasonNewCo #NovaWulf Bid Reorg in one slide. I had my first call with the full team to understand more about regulatory model & a regulatory model was submitted for regulators to give feedback on the docket. cases.stretto.com/public/x191/11…
Read 13 tweets
Simon Dixon Profile picture
Mar 28
#SEC on #Celsius Chapter 11 #NovaWulf Bid after Judge Glenn request to comment - they have no comment on the bid protections motion and also said they "do not yet have all the facts and details that may be necessary to fully evaluate the transactions." cases.stretto.com/public/x191/11…
#Celsius Shareholders & Creditors Important Update youtube.com/live/l9PQxKQZ7…
Post YouTube AMA for the latest updates on #Celsius Chapter 11 twitter.com/i/spaces/1lDGL…
Read 15 tweets
Simon Dixon Profile picture
Mar 23
#Celsius Chapter 11 Update: Debtor's reply to the Bid Protections Proposal and Objections thereof to be heard in court today. cases.stretto.com/public/x191/11…
— #Celsius reiterate major plan benefits —
1) 100% of common equity to General Earn Claim holders in the form of Equity Share Tokens (ESTs).
2) Management Share Tokens (MSTs) to General Earn Claims get an annual distribution eq to 50bps of NewCo Fee-Paying Asset Value and a 2.5%… twitter.com/i/web/status/1…
Revised #Celsius @NovaWulfDigital Bid Protections Order cases.stretto.com/public/x191/11…
Read 38 tweets
Simon Dixon Profile picture
Feb 14
#Celsius & @CelsiusUcc going after claims & causes of action against insiders due to "fraud, recklessness, gross mismanagement, and self-interested conduct." cases.stretto.com/public/x191/11… twitter.com/i/web/status/1…
Looks like they're settings the stage for the litigation trust. If you want to get in trouble with your significant other read this on Valentines Day inserts of being romantic. ❤️
One of the valuable assets for creditors is the personal wealth of the insiders. Here is how they unjustly enriched themselves using our funds & what they want to come after.
Read 10 tweets

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