MultiversX Tracker is Live!

Celsius Chapter 11 bankruptcy is official.

All Cryptocurrencies

by COINS NEWS 137 Views

Is it better? Chapter 7 might recover 50% of assets. Chapter 11 the bosses still collect their fat cheques while time and lawyer fees suck up the remaining assets. Lord knows the time and money that will be spent deciding if users will get paid face value when they declared bankruptcy or the current value of the coins.

Time will tell as more financial documents get released but given all the lies up to this point and their preliminary asset sheet shows $1 billion worth of fake/questionable assets (eg. Cel token isn't worth anything when selling 90% of the pool will drop the value to zero) I suspect they just want it dragged out to collect a pay cheque


Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments