It's just so hard to fathom that this is a reality. Especially valuing the crypto at today's prices. It would imply that you had to somehow not touch whatever you withdrew for two years. I just don't understand why Coinbase, Gemini etc are keeping silent. This casts a huge amount of risk in engaging in any crypto exchange. And, the difficulty defending yourself in the US legal system in this bizarre and complex world of bankruptcies. It's complete madness. Even investors in Madoff only had to pay back their interest in the end.
@@MetalBum I understand you'll owe 230% of that. I, for one, would like to personally thank you for contributing $325,000 to help make the unsecured creditors whole.
Seems unfair and part of the game of investing. Ridiculous to blame the people who wanted their money out after losing confidence. What about Mashinsky, his wife and all the Celsius goons.
The argument is..u were never entitled to that money to begin with….celsius stopped being profitable yrs before..everyone should be lucky if this was a traditional Wall Street clawback….they go back to when they believe it became fraudulent… The madoff clawbacks..took over 5yrs to unwind..
Absolutely insane. I’m not sure if I’ve ever seen anything this immoral in finance. Everyone caught up in this should fight. I can’t see a judge siding with these criminals. Celsius is the worst exchange to ever exist.
This bankruptcy has been a complete shit show from day one. Just another example of corruption. That money will not go back to creditors but this flawed mining company
This is sick. Pure evil. First taking customer's funds to pay for their own lawyers, then give back the absolute minimum of money to users, then go after and take DOUBLE the money from unknowing regular people who just withdrew THEIR OWN money. And on top of that not even going after the insiders who withdrew? This has to be illegal. A documentary should be made about this, and really tarnish Celsius's lawyers' and Mashinsky's names for everyone to see.
Pro Retail Clawbackers: Yaaay I get an extra $200 Court System: Yaaay fees fees fees Lawyers: Yaaay new car, mansion, yacht Retail Clawbacked Victims: scammed again.
So they locked creditor distribution values (dollarised) at the bear market bottom, but are valuing pre bankruptcy withdrawals at current prices? Wow...
That's not how it works. They'll get their fees but now people aren't protected like they were in bankruptcy. So those involved like the board can be held liable so they are more likely to doing what's best for creditors
just the filing fee is going to be around $1m out of the creditor's pocket and then all the lawyers involved make their share of fees from both side... even then you have creditors cheering the action of the LOC is pretty sickening, hope they know if they lose litigation this is just money thrown into fire.
“Crypto Lark” withdrew $2 million few days before bankruptcy and our money been blocked, I hope so he will pay the some money back. For everybody else I’m so sorry.
It's telling that they have no problem with your contact information and determining what your "clawback" is, while when they owe us crypto/money they run into "issues" getting that to us.
We need to thank the likes of Celsius, Voyager, Vauld and FTX if this cycle has produced the worst returns in history. Retail is GONE, Bitcoin is Wall Street business now.
This is absolutely diabolical. Imagine getting your massive chunk of money out thinking you are in the clear, tying that up in an illiquid asset like a house or something, and then Celsius suing you to get all of that money back because THEY went bankrupt...like wtf...
@@abennett No, what's diabolical is expecting 98% of the unsecured creditors to subsidize the 2% that withdrew 40% of the assets who believe well established bankruptcy law shouldn't apply to them.
@@abennett Thanks for doing this video Aaron. It seems like most are unaware of how unfair this to former customers. On top of that, you have consistently shady actions by the LOC and their counsel -- lot of bad faith and heinous manipulation of "the system" to trample on the little guy. Thanks again, and please keep at it!
The courts tell you "to bad so sad" when a company goes bankrupt and you lose everything. Celsius should not be rewarded with the money of people that got out in time too. Plus want June 2024 prices? I don't think so.
Then where the f is the reverse? I'm still waiting on distribution - likely cash at this stage. We dont get any improvement from the market increase. These people are absolute criminals
I don't understand how you are supposed to buy bitcoin if you can be clawed back 2 years later at a much higher price, plus interest and court costs. Sounds bad for business.
this is crazy. unless the claim is that funds where paid will ill gotten proceeds to retail clients. dang they must have really been upside down to claw back the retail. i am surprised there was legal standing on such a claim.
As European are we safe from celsius and FTX nowadays ? I had less than 100k, on all platforms. I did not followed the news. If I was in clawback, should I have received an email or something ? Celsius sent me the remaining 50$ I had, few weeks ago
90 days before , that’s a joke ! What are retail users supposed to be psychic and know scumbags thieves were running the company and it was going to collapse ?
There has never been a case like this ever. The logistics are silly. I think it should be classified as safe harbor. That is what it is, people who left at a port before the ship sank due to bad management. People are being punished for reading public news or just wanted to do their business someplace else. The 90 day rule was designed for B2B ventures. Not B 2 innocent retailers.
A class action against a company wasting and cruelly stressing out innocent people’s time from a an event they are not a part of that happened 2 years ago.
I have written about 30 letters pleading for my money back. Nothing! The only letter I got was that my personal details are shared due to data breach. They make me sick.
I don’t see how this is legal to sue because it would have been Celsius responsibility to cover themselves from a bank run. Plus Celsius looks so bad ,I don’t see how a court would take this seriously unless you can prove someone was an insider. There was so much public bad news reports about Celsius before the bankruptcy. Maybe I’m simple but this seems wacky.
HI Aaron, I am from Middle East right now, I was not able to open Coinbase Exchange accont. so defiantly i have not receied my funds. what is the other way and how will receive my funds??? please help me out. tthank you in advance ..
Yeah I don't understand because I had 8k in Celsius and withdrew that 1 month before bankruptcy. But I still had 2 more Bitcoins on the platform, I only get 0.25btc back beginning of the year. I trusted them but now they want my 8k(in Bitcoin value at the time x230% because Bitcoin went up)? And then compensate for my 2btc lost? This doesn't make sense
they probably would have come out ahead if they didn't pay attorneys and just let people keep the money they withdrew. Attorneys probably cost more than the money they will claw back.
Aaron do you know if there is a deadline date depositors must be served by? I am barely over the WPE threshold and hoping i never get served. But idk the chances of that.
This is going to be a different bull market. With XAI60K coming to scene. Ben basing off previous speculative markets. I can see 300,000 next bull run.🎉🎉🎉🎉🎉
Presumably this is just a heavy handed scare tactic to claw back as much as possible?? Ask for as much as possible, but expect much less... Surely that cannot get what they are asking for. That would be mind boggling... The lawyers no doubt egging them on as they continue to mop up all the fees. Makes my blood boil. It's really unconscionable. How have the insiders not been clawed back yet?? It's just totally bizarre...
Just swapped all of my last ETH and swapped it into XAI60K. Already up a little bit. Unfortunately I have some other junk staked which won’t free up for a while. Still now I am on the train!
XAI60K stands out with its advanced blockchain technology, especially in staking and decentralization surpassing other platforms. It doesn't require a locking period, and its development focuses on peer-reviewed research for comprehensive improvement.
I don't get it. Why should someone be restricted from withdrawing their own funds? Unless it was unstaked in violation of an agreement? What is the justification, all I'm hearing is "you were lucky now you're not". Makes zero sense.
Wrong. Cam Crews is doing what's right by the vast majority of unsecured creditors. 2% of users withdrew a whopping 40% of the platform's asset 90 days prior to the bankruptcy, sticking the 98% with the bill. Furthermore, a clawback plan was proposed as part of the bankruptcy proceedings and approved by the judge. This is not news, it's not shocking information, and it is well established in 100 years of bankruptcy law. Your ignorance and arrogance is not going to change that.
Legal and illegal do not equate to right and wrong. Just because it is legal does not make it right. Cam and the loan ad hoc group have been aggressively self interested throughout this whole process. He gives 2 f’s about your 98%.
institutional buying into XAI60K could totally break the cycle and the peak expectation of end of 2025 will likely spectacularly fail to appear. If the last double peak was odd, the next one will catch most people out again.
The lack of any guarantee the recovered funds will go back to creditors is scary. These lawyers are being paid almost as much as they're recovering. This system needs an overhaul. I'm also seeing new components asking for more than 2x original WPE. The requeates $ amount at this second is far higher than the the dollar value of the crypto on the markets. This seems like punishment. It seems like the LOC and ASK loves to change the terms whenever it benefits them the most.
Immoral strategy. While Alex and his gang was preaching HODL to community and he HODL ed our decentralized assets, when are they going after these real scammers
![Business Analyst Full Course [2024] | Business Analyst Tutorial For Beginners | Edureka](http://i.ytimg.com/vi/1QKIvt05LmA/mqdefault.jpg)
![Business Analyst Full Course [2024] | Business Analyst Tutorial For Beginners | Edureka](/img/tr.png)
➡ Join My Celsius Email List: aaronbtc.com/celsius-list
➡ Roland Jones Video (lawyer): ua-cam.com/video/djEn4qJygF4/v-deo.html
➡ Clawback Telegram Group: t.me/+7bDVFflsRdA0Y2Vl
Contact Me:
➡ Email: bitcoinaaron@proton.me
➡ Twitter: twitter.com/AaronDBennett
It's just so hard to fathom that this is a reality. Especially valuing the crypto at today's prices. It would imply that you had to somehow not touch whatever you withdrew for two years. I just don't understand why Coinbase, Gemini etc are keeping silent. This casts a huge amount of risk in engaging in any crypto exchange. And, the difficulty defending yourself in the US legal system in this bizarre and complex world of bankruptcies. It's complete madness. Even investors in Madoff only had to pay back their interest in the end.
I would die before I gave them one cent
U will b sued. I was w Voyager
I’m not giving them squat. I guess I’ll get sued. I withdrew $150k
@@BTCforce And how did/do they recover?
@@MetalBum I understand you'll owe 230% of that. I, for one, would like to personally thank you for contributing $325,000 to help make the unsecured creditors whole.
@@ltomczakexcept it doesn't even go to the creditors
Seems unfair and part of the game of investing. Ridiculous to blame the people who wanted their money out after losing confidence. What about Mashinsky, his wife and all the Celsius goons.
Right, they should go after them first. Seize all their assets.
I think the case is scheduled for next year
100!
Get the Celsius crooks even make a deal with Israel new President Trump and get extradite the crook in asylum there too.
The argument is..u were never entitled to that money to begin with….celsius stopped being profitable yrs before..everyone should be lucky if this was a traditional Wall Street clawback….they go back to when they believe it became fraudulent…
The madoff clawbacks..took over 5yrs to unwind..
This could really drive someone to the brink.
@@atari2602 100% agree.
@@abennettI owe $150k I withdrew. I still lost another $150k I couldn’t withdraw in time smh. Don’t know what to do
Absolutely insane. I’m not sure if I’ve ever seen anything this immoral in finance. Everyone caught up in this should fight. I can’t see a judge siding with these criminals. Celsius is the worst exchange to ever exist.
This bankruptcy has been a complete shit show from day one. Just another example of corruption. That money will not go back to creditors but this flawed mining company
yes, I have still not received my distribution fr Celcius.
This is sick. Pure evil. First taking customer's funds to pay for their own lawyers, then give back the absolute minimum of money to users, then go after and take DOUBLE the money from unknowing regular people who just withdrew THEIR OWN money. And on top of that not even going after the insiders who withdrew?
This has to be illegal. A documentary should be made about this, and really tarnish Celsius's lawyers' and Mashinsky's names for everyone to see.
Pro Retail Clawbackers: Yaaay I get an extra $200
Court System: Yaaay fees fees fees
Lawyers: Yaaay new car, mansion, yacht
Retail Clawbacked Victims: scammed again.
This.
Exactly. The % we may get back is negligible compared to how much lawyers will make and the harm caused to more people.
@@ayc19 only one who won are the lawyers who are criminals
So they locked creditor distribution values (dollarised) at the bear market bottom, but are valuing pre bankruptcy withdrawals at current prices? Wow...
No chance any of this money will go to us. It’s to fill their pockets. How this theft can keep happening is criminal
That's not how it works. They'll get their fees but now people aren't protected like they were in bankruptcy. So those involved like the board can be held liable so they are more likely to doing what's best for creditors
just the filing fee is going to be around $1m out of the creditor's pocket and then all the lawyers involved make their share of fees from both side... even then you have creditors cheering the action of the LOC is pretty sickening, hope they know if they lose litigation this is just money thrown into fire.
@@ayc19 yes that's my point its opportunity for them to collect more money and drag it out.
This money goes to lawyers and some build shit conservatorship oversite committee basically lawyers. Doesn’t go to anyone
@@ayc19the lawyers win
“Crypto Lark” withdrew $2 million few days before bankruptcy and our money been blocked, I hope so he will pay the some money back. For everybody else I’m so sorry.
How do you know?
@@weswizkid1657 Because I’m more than 10 years in crypto. You can ask Aron for that.
Did Lark Davis didn’t withdraw his accounts a few days before bankruptcy of Celsius?
So did Crypto Tips
Sickening! No one give them shit!
laughable! Thanks for the update Aaron. They doing everything to capitalise on what they already stole. Their time will come....
We should be suing the law firm that stole millions of dollars from us
those lawyers are the ones who made money on our loss and pain. There is no way we will be able to get money from them
Good thing we settled... All of this headache isn't worth it. Good luck to those getting sued.
After all the bad years XAI60K is our savior
Scam
XAI60K is a total fraud.
Thanks Aaron for standing by with those that are in the clawback.
You bet
Wheres Alex and Co's funds for the pool?
Try Clawing Back the bloody Lawyers fees 😡
Lucky for those who had XAI60K since yesterday, but more green days to come
It's telling that they have no problem with your contact information and determining what your "clawback" is, while when they owe us crypto/money they run into "issues" getting that to us.
You will have to sue them to get your crypto from them it is a dog dog world.
It looks like we all might have to wait for "Judgment Day" to get any sort of justice from this World.
We need to thank the likes of Celsius, Voyager, Vauld and FTX if this cycle has produced the worst returns in history. Retail is GONE, Bitcoin is Wall Street business now.
Sold all my ETH yesterday and bought XAI60K
Its extortion. I will never stake anything again!
This is absolutely diabolical. Imagine getting your massive chunk of money out thinking you are in the clear, tying that up in an illiquid asset like a house or something, and then Celsius suing you to get all of that money back because THEY went bankrupt...like wtf...
Yes. Exactly.
@@abennett No, what's diabolical is expecting 98% of the unsecured creditors to subsidize the 2% that withdrew 40% of the assets who believe well established bankruptcy law shouldn't apply to them.
@@abennett Thanks for doing this video Aaron. It seems like most are unaware of how unfair this to former customers. On top of that, you have consistently shady actions by the LOC and their counsel -- lot of bad faith and heinous manipulation of "the system" to trample on the little guy. Thanks again, and please keep at it!
What qualifies a person for the retail clawback?
@@ltomczakwhat do you mean? people withdrew what they put in
What about customers outside the US
The courts tell you "to bad so sad" when a company goes bankrupt and you lose everything. Celsius should not be rewarded with the money of people that got out in time too. Plus want June 2024 prices? I don't think so.
Where's Gary Gensler protecting the little guys?
Absent father.
I moved over 300k into Celsius within 60 days of their Bankruptcy... So I get to sue them? Pathetic.
Oh NOW they treat the value of our crypto in 2024 prices. What a load of horse sh**
Is Mashinsky and his gang part of this clawbacks ?
Just because they put ridiculous amounts of your property they want to try and steal from you in a law suit does not make it so.
Then where the f is the reverse? I'm still waiting on distribution - likely cash at this stage. We dont get any improvement from the market increase. These people are absolute criminals
I don't understand how you are supposed to buy bitcoin if you can be clawed back 2 years later at a much higher price, plus interest and court costs. Sounds bad for business.
This.
If they only worked as hard for us instead of against us. BK laws are a fucking joke.
this is crazy. unless the claim is that funds where paid will ill gotten proceeds to retail clients. dang they must have really been upside down to claw back the retail. i am surprised there was legal standing on such a claim.
As European are we safe from celsius and FTX nowadays ? I had less than 100k, on all platforms. I did not followed the news. If I was in clawback, should I have received an email or something ? Celsius sent me the remaining 50$ I had, few weeks ago
The run on the bank had nothing to do with it. Celsius was already insolvent and losing tons of money everyday by taking outlandish risks.
Thanks for your work Aaron. You’ve been THE MOST helpful resource througout this Celsius insanity. 👍🏻
90 days before , that’s a joke ! What are retail users supposed to be psychic and know scumbags thieves were running the company and it was going to collapse ?
Wow!! Ty for bringing this to my attention Aarron! 😢😢😢
Welcome 😭
Bunch of Criminals working at and with Celsius.
We have not received the cheque yet, They just lied 😢
So just those who withdrew more than $100k? By when should we have gotten the letter?
So you thought it was ridiculous and a theft, but you decided to pay them and submit and not fight. Got it. Enjoy.
Personal choice. Judges and courts are unpredictable. I don’t want this lingering for possibly years.
How do you sue 2500 people? Is three going to be a class action?
There has never been a case like this ever. The logistics are silly. I think it should be classified as safe harbor. That is what it is, people who left at a port before the ship sank due to bad management. People are being punished for reading public news or just wanted to do their business someplace else. The 90 day rule was designed for B2B ventures. Not B 2 innocent retailers.
A class action against a company wasting and cruelly stressing out innocent people’s time from a an event they are not a part of that happened 2 years ago.
How do we initiate a counter suit against Celsius LOC, White and Case, and ASK ?
Not sure.
How soon should we expect the letters? Or are Althea already sent out?
this is so vile. Alex was saying the money was safe, wtf! Then boom bankrupt! Rats!
Yes. Lies.
I have written about 30 letters pleading for my money back. Nothing! The only letter I got was that my personal details are shared due to data breach. They make me sick.
I'm so sorry! I hope they get back to you soon with an actual human!
@@abennett single mum, superannuation my life savings gone. I think karma will get some. They are unbelievably immoral.
Lawyers are the only winners in this whole shit show!
I don’t see how this is legal to sue because it would have been Celsius responsibility to cover themselves from a bank run. Plus Celsius looks so bad ,I don’t see how a court would take this seriously unless you can prove someone was an insider. There was so much public bad news reports about Celsius before the bankruptcy. Maybe I’m simple but this seems wacky.
do you know when Celsius will start doing the default treatment for those of us that had loan collateral on the platform?
I'm one of the people that didn't know this was happening until the letter in the mail. This feels criminal.
HI Aaron, I am from Middle East right now, I was not able to open Coinbase Exchange accont. so defiantly i have not receied my funds. what is the other way and how will receive my funds??? please help me out. tthank you in advance ..
Lesson learnt..... Never doing business in the US ever again. You guys have no moral compass or integrity.
Lawyers clawing back retail to pay themselves lmao
we should sue law firm and Celsius
I've started to receive my crypto from Celsius, will it be payed in a few steps?
I've received so far roughtly 25% of the amount I had there...
Thanks Aaron! This is insane! Really criminal.
🙏
Everyone should just send them a picture of their rear at this point.
😂
retail withdrawals should be considered ordinary course of business. these clawbacks are unconscionable
Except, there's precedent for that not being the case. Your wishful thinking doesn't change reality, nor should it.
Would be nice to get full amount back , we had to pay our loan back in full
Changing the value of the clawbacks is probably a scare tactic that won't hold up in court
Yeah I don't understand because I had 8k in Celsius and withdrew that 1 month before bankruptcy. But I still had 2 more Bitcoins on the platform, I only get 0.25btc back beginning of the year. I trusted them but now they want my 8k(in Bitcoin value at the time x230% because Bitcoin went up)? And then compensate for my 2btc lost? This doesn't make sense
Aaron, have you received your claim code after settling your WPE? Did you wait for the 2nd offer? Thanks for your help 🤙🏻
I’m still waiting for what I’m owed.
This is awful, but y’all should have settled, it sucks, settling was the last thing I wanted todo, but I’m so thankful I did
Why arent the insiders being sued for clawbacks? This is just pure greed
They are and will be.
they probably would have come out ahead if they didn't pay attorneys and just let people keep the money they withdrew. Attorneys probably cost more than the money they will claw back.
good luck with that.
Truly admire you conviction and continued support to Celsius clients
Thanks 🙏
Can't wait to get our check.
All these projects are not very impressive... I want XAI60K!
Thinking of swapping my USDT for XAI60K. I believe XAI60K is the future
Scam
Poopdick coin definitely has more upside.
Aaron do you know if there is a deadline date depositors must be served by? I am barely over the WPE threshold and hoping i never get served. But idk the chances of that.
Mid July
So, if they don't have my updated address (outside USA) and so i never get served, then what? I'm off the hook? @abennett
So only people who withdraw over 100k are affected?
Yes
my check bounced from stretto what do i do?
RUG PULL 3.0
This is going to be a different bull market. With XAI60K coming to scene. Ben basing off previous speculative markets. I can see 300,000 next bull run.🎉🎉🎉🎉🎉
BRETT, TURBO, XAI60K and JASMY, cryptos will make milionaries in the end year
Still no crypto refund from Celsius.. can't use Coinbase in Thailand.... Pls advise
I believe XAI60K will conservatively hit $5.00 by 2025. That's a 20x return from it's current price with very little downside. I'm buying all I can.
Presumably this is just a heavy handed scare tactic to claw back as much as possible?? Ask for as much as possible, but expect much less...
Surely that cannot get what they are asking for. That would be mind boggling...
The lawyers no doubt egging them on as they continue to mop up all the fees.
Makes my blood boil. It's really unconscionable.
How have the insiders not been clawed back yet?? It's just totally bizarre...
I'm staying in XAI60K till after ETFs being approved and will move into alts after that...
Same thing Voyager did to customers withdrawing funds within 90 days of Voyager’s bankruptcy.
Just swapped all of my last ETH and swapped it into XAI60K. Already up a little bit. Unfortunately I have some other junk staked which won’t free up for a while. Still now I am on the train!
XAI60K stands out with its advanced blockchain technology, especially in staking and decentralization surpassing other platforms. It doesn't require a locking period, and its development focuses on peer-reviewed research for comprehensive improvement.
I buy XAI60K every chance I get, I believe in XAI60K vision and a lot of their goals are completed or getting completed including governance.
I don't get it. Why should someone be restricted from withdrawing their own funds? Unless it was unstaked in violation of an agreement? What is the justification, all I'm hearing is "you were lucky now you're not". Makes zero sense.
XAI60K going up like crazy! Pick up around 0.67 and now it’s hit $1! I wish i had bought more!😂😂😂
Wow, that is seriously f’d up. Cam Crews turned out to be a real pos.
Who exactly is Cam? I have seen his name thrown out there
He got himself on the LOC and pushed for these preference claims.
Ya I don't understand why he and Adler did this to themselves. People will have a long memory of this
Wrong. Cam Crews is doing what's right by the vast majority of unsecured creditors. 2% of users withdrew a whopping 40% of the platform's asset 90 days prior to the bankruptcy, sticking the 98% with the bill.
Furthermore, a clawback plan was proposed as part of the bankruptcy proceedings and approved by the judge. This is not news, it's not shocking information, and it is well established in 100 years of bankruptcy law.
Your ignorance and arrogance is not going to change that.
Legal and illegal do not equate to right and wrong. Just because it is legal does not make it right. Cam and the loan ad hoc group have been aggressively self interested throughout this whole process. He gives 2 f’s about your 98%.
Never heard of XAI60K. Can someone please explain? Appreciate it...
I see XAI60K everywhere. Could someone explain what XAI60K is?
Crazy that clawbacks is asking for 100% of withdrawals dated in June of 2024, and I didn’t hear that all clawback may not come back to creditors too
institutional buying into XAI60K could totally break the cycle and the peak expectation of end of 2025 will likely spectacularly fail to appear. If the last double peak was odd, the next one will catch most people out again.
The lack of any guarantee the recovered funds will go back to creditors is scary. These lawyers are being paid almost as much as they're recovering. This system needs an overhaul.
I'm also seeing new components asking for more than 2x original WPE. The requeates $ amount at this second is far higher than the the dollar value of the crypto on the markets. This seems like punishment. It seems like the LOC and ASK loves to change the terms whenever it benefits them the most.
I have gotten beck less then 35% of my holdings, I thought were Getting back about 67% why did they send me a partial payment??
Immoral strategy. While Alex and his gang was preaching HODL to community and he HODL ed our decentralized assets, when are they going after these real scammers
Huge XAI60K holder here and slowly building my Ada and Ckb bags
XAI60K movement begins and everyone is like acting crazy. Let's bring it up!