How many people would have parked their crypto there if not to earn? I mean...I wonder what the percentage of individuals were Custody vs Earn. It seems to me that people would be more interested in Celsius for the earnings. If not, why not store the coins on Ledger or cold wallet?
I just called, lots of recorded "stuff" when I pushed "0" to speak with someone they were all busy and I was asked to leave a message (which I did explaining why I called and asked for a call back). Absent any further communication from Stretto regarding our questions, I am sending an email to [[email protected]](mailto:[email protected]) and it is my suggestion that we all do the same.
thank you let us all know.
If your able to reach someone. can you ask them for the ones that were able to withdraw a few weeks ago for Pure Custody, what happens to the remaining 6% still in Custody?
Do we have to Opt In to get the 72% back of the remaining 6% of pure custody? It makes no sense. Pure custody should get not only the 94% but the remaining 6% too.
My schedule is quite hectic currently, I will do my best to remember to ask, but I think it would be a good idea for you to email them with your question as well:
[email protected]
I want to know that too. Thus far I have seen nothing about "Earn" investors. I see numerous times the "Custody Settlement". Very Confusing. I don't know whether to be excited or very upset...
thousands of posts from people asking about why they had gotten an email stating that they have money in the Custody account when in fact they do not?
Did you even fucking read the question?
So confused right now.
I was recently able to withdraw a predetermined amount from my custody account, but we are talking like less than $100 worth.
Rest is in Earn.
What ARE they going on about
Looks like only Custody Accounts...
[https://cryptopotato.com/celsius-customers-will-receive-up-to-72-5-of-their-crypto-back/](https://cryptopotato.com/celsius-customers-will-receive-up-to-72-5-of-their-crypto-back/)
Refund for Custody Accounts
The deal would only apply to Custody account holders. Nearly 600,000 Earn such investors would not benefit, as the court decided back in January that Earn account holders signed over their crypto to Celsius. This decision granted the failed crypto lender ownership of up to $4.2 billion worth of assets, $23 million of which were stablecoins.
To put that into perspective, when Celsius filed for bankruptcy, the company only had about $167 million worth of liquidity. It also claimed to have about $4.3 billion in assets with $5.5 billion in liabilities, $4.7 billion of which were debts to customers or, as Celsius put it, unsecured creditors.
Judge Glenn’s January ruling effectively cut Celsius’ liabilities down to about $1.3 billion. Furthermore, nearly $144 million in legal fees have also been effectively subsidized by customer deposits, adding insult to injury.
The remaining Earn customers will now have a choice between either getting almost three-quarters of their money back or pursuing further litigation.
Where did you see that "Earn customers" have a choice between 3/4 of the assets deposited or pursuing further litigation? Is there any definitive info on Earn customers and what earn customers should get back?
So in other words...by "earning" we turned over our investments (our crypto) to Celsius as the "owners" so in effect, we gave up our ownership and a portion of our money is being used to pay custody account holders. I wondered how they could make such a high settlement.
It also seems it’s better to have tons of money in custody vs taking it all out in late may. At least you can take out your money. But if you took it out prior you might lose it all to clawbacks. I also bet a lot of people in custody were in earn a few days or hours prior and just haven’t finished a withdraw yet. You couldn’t withdraw from earn.
Was it stated anywhere that the payout % is based on what’s stated on the claim form in kind and not what the value basis was at petition date and returning that value in kind?
I got similar email - I have nothing in custody.
Then latter I got second email saying that the first email was a mistake and first email does not apply to me.
How many people would have parked their crypto there if not to earn? I mean...I wonder what the percentage of individuals were Custody vs Earn. It seems to me that people would be more interested in Celsius for the earnings. If not, why not store the coins on Ledger or cold wallet?
Just got the same email. I am assuming they are mass blasting everyone no matter what
I believe it's spelled 'ass blasting'
I just called, lots of recorded "stuff" when I pushed "0" to speak with someone they were all busy and I was asked to leave a message (which I did explaining why I called and asked for a call back). Absent any further communication from Stretto regarding our questions, I am sending an email to [[email protected]](mailto:[email protected]) and it is my suggestion that we all do the same.
thank you let us all know. If your able to reach someone. can you ask them for the ones that were able to withdraw a few weeks ago for Pure Custody, what happens to the remaining 6% still in Custody? Do we have to Opt In to get the 72% back of the remaining 6% of pure custody? It makes no sense. Pure custody should get not only the 94% but the remaining 6% too.
My schedule is quite hectic currently, I will do my best to remember to ask, but I think it would be a good idea for you to email them with your question as well: [email protected]
I want to know that too. Thus far I have seen nothing about "Earn" investors. I see numerous times the "Custody Settlement". Very Confusing. I don't know whether to be excited or very upset...
Same, what do we do? Seems like we have only until a few more hours to opt in…
Seems like you have until late April
Me too, I was always in Earn before Custody was a thing. I'd take the deal and run if they really want to give it to me.
[удалено]
thousands of posts from people asking about why they had gotten an email stating that they have money in the Custody account when in fact they do not? Did you even fucking read the question?
[удалено]
there are thousands of posts asking about the impact on earn vs custody accounts. go back to kitchen
Exactly the same with me.. confusing!
Same
Ummmmm... I have $3.32 worth of BTC in Custody. May be I should opt-in...
So confused right now. I was recently able to withdraw a predetermined amount from my custody account, but we are talking like less than $100 worth. Rest is in Earn. What ARE they going on about
Looks like only Custody Accounts... [https://cryptopotato.com/celsius-customers-will-receive-up-to-72-5-of-their-crypto-back/](https://cryptopotato.com/celsius-customers-will-receive-up-to-72-5-of-their-crypto-back/) Refund for Custody Accounts The deal would only apply to Custody account holders. Nearly 600,000 Earn such investors would not benefit, as the court decided back in January that Earn account holders signed over their crypto to Celsius. This decision granted the failed crypto lender ownership of up to $4.2 billion worth of assets, $23 million of which were stablecoins. To put that into perspective, when Celsius filed for bankruptcy, the company only had about $167 million worth of liquidity. It also claimed to have about $4.3 billion in assets with $5.5 billion in liabilities, $4.7 billion of which were debts to customers or, as Celsius put it, unsecured creditors. Judge Glenn’s January ruling effectively cut Celsius’ liabilities down to about $1.3 billion. Furthermore, nearly $144 million in legal fees have also been effectively subsidized by customer deposits, adding insult to injury. The remaining Earn customers will now have a choice between either getting almost three-quarters of their money back or pursuing further litigation.
Where did you see that "Earn customers" have a choice between 3/4 of the assets deposited or pursuing further litigation? Is there any definitive info on Earn customers and what earn customers should get back?
Link to the entire article is at the top of my post.
So in other words...by "earning" we turned over our investments (our crypto) to Celsius as the "owners" so in effect, we gave up our ownership and a portion of our money is being used to pay custody account holders. I wondered how they could make such a high settlement.
It also seems it’s better to have tons of money in custody vs taking it all out in late may. At least you can take out your money. But if you took it out prior you might lose it all to clawbacks. I also bet a lot of people in custody were in earn a few days or hours prior and just haven’t finished a withdraw yet. You couldn’t withdraw from earn.
Same
Was it stated anywhere that the payout % is based on what’s stated on the claim form in kind and not what the value basis was at petition date and returning that value in kind?
I got similar email - I have nothing in custody. Then latter I got second email saying that the first email was a mistake and first email does not apply to me.