As someone that lost crypto on both Celsius and FTX, i now appreciate you ever more. Thanks for covering FTX too. I literally had no idea anything was happening with that
I did not invest with FTX but hope anyone who did keeps listening to your vids. You have offered your Celsius community so much by breaking down such a complicated mess. I want your exposure to RUclips to increase as you so deserve to be recognized.
Is it possible to still do the KYC for FTX? My document has been denied so many times now cause of my first name not being correct/matching records and now I am finally waiting on a last legal document so not sure if its even worth now.
Very useful video! Do you have any idea what will happen with claims that were in Contingent status (due to locked tokens), and filled a Proof of Claim (accepting the proposed quantities)?
Somewhere in Februari 2022 I withdrew around 350 Dollars. Should I just ignore the whole voting thing that's coming up? Because at 9:54 you say: "If you have removed any money from FTX, I suggest to vote for the plan." But they can't come after withdrawals of Februari 2022 anyways, right? Because that's outside of the 90-days rule
Voting for FTX won't be probably until spring or summer of next year. But, as things stand now, I'd still want to vote in favor of the plan. But for $350 they won't waste time and money going after you. It's not worth it to them.
You’re a legend Aaron. I’m unfortunate enough to have exposure to Celsius, FTX and BlockFi !! I love your updates - great to now get some FTX information.
Is Celcius creditors Going to get back the money that FTX owes Celcius ? Or maybe I don’t understand something there. Plus, I still have no clue what I’m getting back because 98% of my funds were on collateral. And I have no way to pay back any of those loans.
You don’t need to repay loans, at least for Celsius. Ex. Collateral you gave Celsius was $10k. You took out $3k. Then you have an Earn claim for $7k and you’d get around 67% stock and crypto of that $7k.
does "90% of distributable value" mean customers actually get 90% of their claims? it sounds like they will sell 90% of FTX's assets and distribute that to customers
Hey Aaron, Thanks for all you do. Q - Does the cancellation of all intercompany claims in the FTX bankruptcy affect any recovery claims that Celsius has against FTX for money loaned to them? Monies that could eventually end up in the pockets of Celsius creditors?
Aaron = THE BEST! People this guy helped us all the way with Celsius!!!! Aaron a big thank you is not enough !!! Not that you will do the same for FTX I ama soooo calm because I have a lot of crypto trapped there 😢
Another great video Aaron! Thank you for the great content. It's truly amazing to see how much better this bankruptcy looks compared to the dumpster fire over at Celsius.
Are you apart of the Celsius clawback group? I’ve heard how it could be escalated and ultimately a judgement against you to repay it, or you settle or negotiate.
@@abennett I would have to settle or negotiate. I have nothing to pay with. Everything is going to pay bills. But I would try anything and everything I could just to get back more bitcoin. I have 18 on collateral. And I have a feeling I might not even get back five. really scary. I would love to get back 10.
The FTX bankruptcy is supposed to end so much sooner than Celsius' and for a much bigger creditor recovery. This is more evidence of how poorly Celsius creditors are being treated by the opportunistic vultures picking the Celsius carcus clean.
Clawbacks are theft they pick and choose the length of the clawback and just randomly choose a price level that suits themselves selfs , that’s got to be day light robbery, and Celsius is Totally different.
wow! i cant beleive how much faster and more efficient and fair the FTX bankrupcy is going compared to Celsius. what the hell???? (at least i can understand it all thnx to the celsius journey!)
As someone that lost crypto on both Celsius and FTX, i now appreciate you ever more. Thanks for covering FTX too. I literally had no idea anything was happening with that
Yeah, you're welcome, and I'm sorry you got stuck with both bankruptcies :(
Thanks Aaron, any indication in the document about "FTX Europe" entity ?
I haven't looked into that one yet.
I appreciate the FTX updates. Any further updates would be great!
Will keep them coming!!
I did not invest with FTX but hope anyone who did keeps listening to your vids. You have offered your Celsius community so much by breaking down such a complicated mess. I want your exposure to RUclips to increase as you so deserve to be recognized.
Thank you so much Mary! I’m trying to branch out as Celsius (hopefully) comes to a close soon. So the transition will be awkward and rocky lol.
Hi Aaron, I missed the deadline for submitting my claim by 9/29/2023. What can I do now? Thanks for your advice
What's the impact of this on blockFi? Will they receive their $$$?
Great video. Thanks for covering FTX and growing awareness. Any clawback defense groups out there to join similar to Celsius?
I've only seen one telegram group so far. It's still pretty early.
Is it possible to still do the KYC for FTX? My document has been denied so many times now cause of my first name not being correct/matching records and now I am finally waiting on a last legal document so not sure if its even worth now.
I’d keep trying.
Aaron any withdrawals before nov2 are off the hook regardless of the amount according to proposed plan right ? Thanks !
Correct.
So a short claw back period as to avoid clawing back donations to politicians.
Could be right.
I hope Celsius gets the 2 billion back 🙏
Lots of unknowns, but yes, me too for the sake of Celsius creditors.
Very useful video! Do you have any idea what will happen with claims that were in Contingent status (due to locked tokens), and filled a Proof of Claim (accepting the proposed quantities)?
No, I don't know the specifics of that.
hi Aaron, I lost on both Celsius and FTX. Your work is extremely valuable and highly appreciated. Thank you so much✊
Is this for celsius customers or ftx ?
FTX only
You’re doing a great job for Celsius creditors since day 1 and now also helping out FTX customers 👍🏻 Thank you Aaron 🙏🏻
Is this also for BlockFi customers?
No.
Somewhere in Februari 2022 I withdrew around 350 Dollars. Should I just ignore the whole voting thing that's coming up? Because at 9:54 you say: "If you have removed any money from FTX, I suggest to vote for the plan." But they can't come after withdrawals of Februari 2022 anyways, right? Because that's outside of the 90-days rule
Voting for FTX won't be probably until spring or summer of next year. But, as things stand now, I'd still want to vote in favor of the plan. But for $350 they won't waste time and money going after you. It's not worth it to them.
@@abennett Perhaps you have an answer to the question up here? (I don't take it as legal advice)
Great flipping news!! 🎉
I think so too!
Aaron you do an amazing job covering Celsius and ftx bankruptcies!! Congrats on your channel !
Thanks so much Sebastian!
Hi Aaron, is it 90% of what the FTX recover or 90% of the total claims of the FTX customers ?
90% of distributable value. I mispoke in the video. So it's not 90% of our claims.
You’re a legend Aaron. I’m unfortunate enough to have exposure to Celsius, FTX and BlockFi !! I love your updates - great to now get some FTX information.
More to come! Sorry about your exposure to all of these bankruptcies.
Glad u will be covering FTX too
Thanks Alex
Is it too late to claim?
Not sure. Try it and lemme know.
Is Celcius creditors Going to get back the money that FTX owes Celcius ? Or maybe I don’t understand something there. Plus, I still have no clue what I’m getting back because 98% of my funds were on collateral. And I have no way to pay back any of those loans.
You don’t need to repay loans, at least for Celsius. Ex. Collateral you gave Celsius was $10k. You took out $3k. Then you have an Earn claim for $7k and you’d get around 67% stock and crypto of that $7k.
@@abennett THANK YOU!!! caps are not meant for shouting. Just to really emphasize thanking you.
does "90% of distributable value" mean customers actually get 90% of their claims? it sounds like they will sell 90% of FTX's assets and distribute that to customers
Yes I think Aaron misunderstood the meaning
Good call on that
So customers are getting reimbursement by dollars not as crypto owned right?
Hey Aaron,
Thanks for all you do.
Q - Does the cancellation of all intercompany claims in the FTX bankruptcy affect any recovery claims that Celsius has against FTX for money loaned to them? Monies that could eventually end up in the pockets of Celsius creditors?
All questions everyone is asking themselves. It could. No definitive answers yet.
Covering Celsius, BlockFi, and FTX?
I am forever indebted to you, sir.
Thanks. Trying to be useful in this short life :)
Thank you ❤
You're welcome 😊
Aaron = THE BEST! People this guy helped us all the way with Celsius!!!! Aaron a big thank you is not enough !!! Not that you will do the same for FTX I ama soooo calm because I have a lot of crypto trapped there 😢
THANKS DIMITRI! So nice of you to say. Sorry about your trapped funds 😭
Another great video Aaron! Thank you for the great content. It's truly amazing to see how much better this bankruptcy looks compared to the dumpster fire over at Celsius.
naaaaa it's going to take years... 6 to 8 years range at best... at worst 10+ years.
It does look much better right now. I agree. And thank you.
That sounds bad for Blockfi! It’s what I expected though. FTX depositors had title to their funds and should get priority in the waterfall.
It's all very complex.
Thanks Aaron
Welcome Mark.
Thanks Aaron! Looking much better than Celsius.
It's moving along quicker, it seems, yes. Thanks, William!
Surely that means 90% of what the they recover. Not 90% bsck.
Yeah I messed that up. Don’t make videos at 4am kids 😂
Thank you Arron😂
You're welcome!
No one ever explains what’s going to happen to those of us who have no way of paying back any kind of clawback.
Are you apart of the Celsius clawback group? I’ve heard how it could be escalated and ultimately a judgement against you to repay it, or you settle or negotiate.
@@abennett I would have to settle or negotiate. I have nothing to pay with. Everything is going to pay bills. But I would try anything and everything I could just to get back more bitcoin. I have 18 on collateral. And I have a feeling I might not even get back five. really scary. I would love to get back 10.
The FTX bankruptcy is supposed to end so much sooner than Celsius' and for a much bigger creditor recovery. This is more evidence of how poorly Celsius creditors are being treated by the opportunistic vultures picking the Celsius carcus clean.
I agree :(
You have to wonder how Celsius weren't able to do something likewise, it's been an utter shitshow
Agreed. At least they should have given a way to get money back asap.
199th...Thanks Aaron
Welcome :)
Clawbacks are theft they pick and choose the length of the clawback and just randomly choose a price level that suits themselves selfs , that’s got to be day light robbery, and Celsius is Totally different.
Agreed. Retail clawbacks are theft.
90% of distributable value…not 90% of a customers original balance.!
Yes this was my error.
Damn dude you were in FTX aswell? What didn't you put your money in.😢
I'm not a creditor with FTX actually. But I'll be covering it anyways. Lots of people had money in all the exchanges.
Ftx creditors won't be getting 90% back more like 10% when Celsius sues them for 2 billion for insider trading
Everyone's gonna sue everyone. Only the lawyers win.
wow! i cant beleive how much faster and more efficient and fair the FTX bankrupcy is going compared to Celsius. what the hell???? (at least i can understand it all thnx to the celsius journey!)
It's moving quicker for FTX, but they're in the middle of this giant web that'll complicate everyone else. I'm hoping Celsius's BK ends asap.