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.
Jan 4, 2023 • 6 tweets • 1 min read
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.
Aug 16, 2022 • 26 tweets • 5 min read
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)