What Happened to Celsius

What Happened
to Celsius

WHAT HAPPENED EXPLAINED

DISCLAIMER:
everything here is alleged, this page is for the purpose of documenting the onslaught
of Celsius and is intended to educate the public about what occurred.
please use critical thinking while evaluating any evidence.

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SBF & CRYPTO CRONIES

those who tried to kill celsius

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SBF is the owner of both ALAMEDA research and FTX. alameda ruled that they could never be liquidated on ftx, using this strategy alameda illegally shorted celsius multi-billion dollar cel token treasury via counterfeit tokens offshore.

Influential figures such as SBF, Max Keiser, and KEVIN O'LEARY alongside less notable market goons Cory Klippsten, Mike Alfred, and Dixon were all involved in a defamation scandal resulting in billions withdrawn from the platform snowballing over the course of a year where Celsius needed to enter chp.11 protections.

Notably the fear campaigning picked up in March and intensified until june 12th
(the night of the pause.)

snapshot

$20.6B of value in the month prior to marcH

COMPETITORS

a basic list of competitors who peddled Celsius propaganda as fact to the media fearmongering a widespread online audience.

FTX / ALAMEDA

SWAN BITCOIN / EL ZONTE CAPITAL

WONDERFI

bnk to the future

SBF

SBF REPORTED TO BLOOMBERG THAT CELSIUS HAD NO MONEY, MEANWHILE IT WAS FTX WHICH WAS TRULY INSOLVENT.

CELSIUS ALWAYS HAD THE ETHEREUM / ASSETS (EVEN IF ILLIQUID)

SBF told the media that celsius didn't have the ethereum or assets needed to service liquidity obligations toward it's customers. reading the coin report below will show you everything Celsius held in coins, but this does not represent all the value in the estate, far from it.the way a business normally functions is to meet it's liquidity obligations. in this case there will be undeployed assets (for immediate withdrawal) many deployed assets (for yield generation to be withdrawn over time) and some unrealized illiquid investments, (many of which are not listed on the coin report as they are temporarily not coins.) Things like long-term equity investment, bitcoin mining expansion and physical buildouts of the project itself all contribute to the overall value of any business, and in Celsius case, all this value is always owed to the users 100%, this was made even more apparent with terms and conditions that all of Celsius in whatever form it's value was kept always belonged to it's creditors.The value was never "gone" just simply made illiquid. A business only obligation toward it's customers is to meet it's liquidity obligations, this requires a business to be running and producing value. SBF knew this and yet lied to the media regardless which was one of the core reasons as to why Celsius had become overwhelmed with a massive bank run which perhaps could have been sustained if it weren't also immediately met by an incredibly vicious short-selling attack on Celsius treasury.

Dec 12th 2022 Report

DURING A FULL 30 MIN BLOOMBERG DISCUSSION SBF SPREAD NUMEROUS LIES ABOUT CELSIUS NETWORK DEFLECTING ATTENTION AWAY FROM HIMSELF describing the momentum of celsius in a derogatory way.

Bitcoin itself has it's own flywheel momentum.

FLYWHEEL'S SIMPLY DESCRIBE MOMENTUM VISUALLY

The flywheel effect happens when small wins for your business build on each other over time and eventually gain so much momentum that growth almost seems to happen by itself – similar to the momentum created by a flywheel on a rowing machine.

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KEVIN O'LEARY

KEVIN O'LEARY WAS CAUGHT PROMOTING "CELSIUS TO ZERO."
Kevin O'Leary is a $15M FTX SPOKESPERSON

cory klippsten

cory klippsten is the ceo of swan bitcoin who spread fear to thousands of people over twitter spaces, campaigning for celsius demise for his own profit incentive. swan bitcoin as a direct competitor bribed users to withdraw until the bank-run was complete.

MAX KEISER

max keiser is an advisor to swan bitcoin who spent a year of his time targeting, mocking and defaming Celsius and it's users.

mike alfred

mike alfred is a seed investor in swan bitcoin who spent 13 months campaigning users to withdraw from the celsius platform using fear tactics. this is not normal behavior.

dixon

a competitor involved in the "EL ZONTE CAPITAL" scheme by keiser. this cayman islands shadow banker in connections with everyone (not unlike SBF) spends every day on twitter defaming Mashinsky, spreading fear around Celsius, attempts to corral distressed users over to his offshore platform.