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Simon Dixon Profile picture
@SimonDixonTwitt
Jun 6 • 6 tweets • 3 min read Twitter logo Read on Twitter
🇺🇸 SEC says #Coinbase made "billions of dollars unlawfully facilitating the buying and selling of crypto asset securities."

“#SEC sues Coinbase in NY federal court for offering unregistered securities”

Full disclosure I’m a shareholder cointelegraph.com/news/sec-sues-… via @Cointelegraph
I’ll be reading the Filing here & I’ll do a similar analysis like I did for #Binance earlier today:

storage.courtlistener.com/recap/gov.usco…
4 key complaints from the @coinbase lawsuit:

1. Coinbase has operated as an unregistered broker since at least 2019, evading the disclosure scheme for securities markets.

2. Coinbase has deprived investors of disclosures and protections that come from registration, exposing… twitter.com/i/web/status/1…
From here
10 States following
From the SEC

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More from @SimonDixonTwitt

Simon Dixon Profile picture
Jun 6
OK. Had some time to read the #SEC charges against #Binance.

First, I believe they are trying to get ahead of any issues rather than waiting for the issues to cause a blow up like FTX / Celsius. SEC has learnt from mistakes. I’m not staying Binance will blow up as they probably… twitter.com/i/web/status/1…
ALLEGATION:

Binance publicly claimed that U.S. customers were restricted from transacting on Binance dot com, Zhao & Binance in reality subverted their own controls to secretly allow high-value U.S. customers to continue trading on the Binance dot com platform.

MESSAGE:

The… twitter.com/i/web/status/1…
ALLEGATION:

The SEC alleges that, while Zhao and Binance publicly claimed that #Binance US was created as a separate, independent trading platform for U.S. investors, Zhao and Binance secretly controlled the Binance US platform’s operations behind the scenes.

MESSAGE:

The… twitter.com/i/web/status/1…
Read 11 tweets
Simon Dixon Profile picture
May 2
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…
Read 18 tweets
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

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