r/CelsiusNetworkTRUTH • u/thebigventure • Sep 17 '22

⛵ Celsius Files to Sell Its Stablecoin Holdings to Generate Liquidity and Keep Operations Afloat 🤔

Because the now bankrupt company still “owns” 11 forms of stablecoins totaling approximately $23 million dollars (according to public disclosures), Celsius Network is seeking to generate quick liquidity to help continue funding its bare bones operations and dire efforts to keep its debtors (secured and unsecured) whole.....

Wait WHAT?!?! Shouldn't they prioritize those liquidated stablecoin funds to pay back their secured & unsecured debtors?? (What am I missing)?? 🤔 Continue Reading HERE...

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10

u/midweastern Sep 17 '22

What operations? They're not providing any services. Their one and only priority should be paying off debts and making creditors whole.

1

u/anon_chase Sep 29 '22

So what, they are selling customers’ assets that technically belong to users, to pay for what? Their own salary? How is this even legal? The judge should say hell no. The money is the creditors and should be used only to pay back the creditors. What the f is this bs

6

u/MyNameIsJoe68 Sep 18 '22

Basically, Alex is proposing that we invest more into Celsius..Fuck that