Update from the Celsius Hearing from today: ~$16m worth of assets being returned from Prime Trust, Judge worries about how they’re gonna fund Celsius. ETC

Basically Prime Trust decided that their case sucks (since they stole shitloads of $$) and returned what they had undissipated.

Also, the Equity holders attempted to basically stake their claim, and the judge was not having it. He basically told them “so what’s your precedent” and the lawyer fumbled a bunch, and then said “we believe our investment is in the money” ????

To a bankrupt company which is potentially a Ponzi.

A fee manager got appointed because the US Trustee wanted it. He did mention he’s concerned about high costs etc.

The judge said he wants to try to wrap up the sale of assets because they can’t sustain the spending.

US Trustee countered with how Celsius’s plan to pay operations keeps changing. Such as mining bitcoin to pay operations. Then some bullshit Kelvin plan, then now they want to sell assets to fund operations.

Overall it’s moving in a good direction. But it’s taking far to long and costing wayyyy to much.