Discussion

• @celsiusnetwork Celsius on x

  .@CelsiusNetwork is pausing all withdrawals, Swap, and transfers between accounts. Acting in the interest of our community is our top priority. Our operations continue and we will continue to share information with the community. More here: https://link.medium.com/...

• @mashinsky Alex Mashinsky on x

  @mdudas ... Mike do you know even one person who has a problem withdrawing from Celsius?, why spread FUD and misinformation. If you are paid for this then let everyone know you are picking sides otherwise our job is to fight Tradfi together...

• @mikeburgersburg @mikeburgersburg on x

  🚨 Celsius Network has 17,919 $WBTC leveraged in Maker protocol. This position faces liquidation at $22,584/$BTC. $278 mil $DAI debt, making it the largest individual debt position on the protocol. https://twitter.com/...

• @kadhim @kadhim on x

  Just 8 months ago Canada's 2nd largest pension fund CDPQ and Westcap were touting the due diligence they had done before investing in Celsius “We are very careful . . . our DD process is very serious” Now Celsius has stopped withdrawals, bringing the crypto markets down with it h…

• @web3isgreat @web3isgreat on x

  @MikeBurgersburg Meanwhile, on r/CelsiusNetwork https://twitter.com/...

• @wublockchain Wu Blockchain on x

  Celsius transferred about 3,500 WBTC ($89m) to FTX within the last hour and transferred about 50,000 ETH to FTX three hours ago. https://etherscan.io/...

• @prestonpysh Preston Pysh on x

  Not your keys, not your coins. https://blog.celsius.network/ ...

• @nic__carter @nic__carter on x

  they had this to say at the time https://twitter.com/...

• @cobie @cobie on x

  Seems bad https://twitter.com/...

• @0xkyle__ Kyle on x

  JUST GOT AN EMAIL FROM @CelsiusNetwork @DegenSpartan @cobie https://twitter.com/...

• @tether_to @tether_to on x

  Celsius Feels Impact of Market Volatility, Tether Reserves Hold Strong https://tether.to/...

• @claritytoast Nate Anderson on x

  Celsius CEO the day before the collapse https://twitter.com/...

• @cobie @cobie on x

  Just realised that Celcius has 400m of ETH staked directly (no liquid staking, just vanilla staked ETH) in addition to their 450m stETH. Maybe they can exit stETH OTC to fulfil obligations but the 400m (at these prices) directly staked is locked probably for around a year.

• @defiyst @defiyst on x

  Only another 12% down in BTC for Celsius to be liq'd for $450m on-chain Health factor being so close to 1 with users funds is an abuse of their fiduciary duty Last time this was topped up was during LUNA liq cascade (May 12th) for negligible size (1k BTC) Vs 18k BTC collateral ht…

• @timccopeland Tim Copeland on x

  celsius adding more collateral to stop their 18K btc position from going underwater https://twitter.com/...

• @claritytoast Nate Anderson on x

  It's over. The Celsius Ponzi scheme has collapsed https://blog.celsius.network/ ... https://twitter.com/...

• @matthewstoller Matt Stoller on x

  Have fun staying poor.

• @nic__carter @nic__carter on x

  canada's 2nd largest pension fund invested in a $400m equity round of financing for celsius in oct 2021

• @qtrresearch @qtrresearch on x

  He probably knows a lot of people now. https://twitter.com/...

• @zerohedge @zerohedge on x

  Sometimes you are neither first, nor smarter, and you suck at cheating https://twitter.com/...

• @wassielawyer @wassielawyer on x

  1/ Ok just some clarifications because people instantly become insolvency practitioners / lawyers whenever a platform is experiencing difficulties to maximize engagement farming. Now @CelsiusNetwork is clearly insolvent. The question is what sort of insolvency are they in?

• @mayazi Maya Zehavi on x

  I want to tweet something smart about Celsius, but honestly the writing's been on the wall for years. It's a failure of self regulatory attempts & law enforcement in 3 countries (Us, UK & Israel) that they got this big

• @gcrclassic @gcrclassic on x

  celsius, terraform, etc are just inevitable blowups of a macro unwinding, long prophesied by a handful of augurs there used to be a boomer meme along the lines of: when the tide goes out, you see who is swimming naked many such cases you will survive

• @celsiusnetwork Celsius on x

  @GollumsGems Sorry Celsians, unfortunately, @Mashinsky lost his voice and is unable to attend today. We look forward to rescheduling this Space! 💜

• @lawmaster @lawmaster on x

  In the interest of transparency, I am releasing my database of all wallets that I believe belong to Celsius. Currently, there is still roughly $1.5billion sitting on them. Also please keep in mind that on-chain labeling is not an exact science. I could have made some mistakes htt…

• @jimcramer Jim Cramer on x

  When i had SEC Chairman Gary Gensler on last year we talked about how it was possible that i was getting 8% on my crypto balance and he said it wasn't; as the Celsuis Community just found out

• @felixsalmon Felix Salmon on x

  This doesn't look good https://twitter.com/...

• @peterschiff Peter Schiff on x

  I guess this settles my debate with @Mashinsky https://www.youtube.com/... https://twitter.com/...

• @kasmiyouness1 @kasmiyouness1 on x

  How is this acting in users best interests? This is why you NEVER keep your crypto assets on exchanges or staking platforms https://twitter.com/... https://twitter.com/...

• @ben_mckenzie Ben McKenzie on x

  No one panic https://twitter.com/...

• @bneiluj Julien Bouteloup on x

  A CeFI project killing DeFi. https://twitter.com/... https://twitter.com/...

• @firstadopter @firstadopter on x

  A lot changed in 6 hours I guess https://twitter.com/...

• @ryansadams Ryan Sξan Adams on x

  Celsius isn't DeFi.

• @zachweinberg @zachweinberg on x

  Sellsius. https://twitter.com/...

• @howardlindzon @howardlindzon on x

  Rat Poison but with leverage ...

• @lopp Jameson Lopp on x

  Celsius just announced that withdrawals are suspended for the foreseeable future. https://twitter.com/...

• @litcapital @litcapital on x

  What in the Bear Stearns meets Robinhood meets crypto is going on here https://twitter.com/...

• @wublockchain Wu Blockchain on x

  Update: Celsius has transferred about 104,000 ETH to FTX in the past three days, including about 50,000 ETH today, 12,000 ETH yesterday, and 42,000 ETH the day before yesterday. In addition, Celsius also transferred about 9,500 WBTC to FTX today. https://etherscan.io/... https://…

• @bondhack Robert Smith on x

  https://twitter.com/... https://twitter.com/...

• @zachweinberg @zachweinberg on x

  Good news is Celsius is a regulated financial institution with a ton of consumer protections.

• @briannawu Brianna Wu on x

  The next LunaTerra? Celsius, which was already under investigation by regulators for illegal practices, has seen the value plummet by $5 billion. In an effort to save the remaining $11 billion in assets, they are freezing all transactions. https://twitter.com/...

• @charlesarthur Charles Arthur on x

  They said it wouldn't be like traditional Western finance, and they were right. Much more like Zimbabwe or various struggling South American states. https://twitter.com/...

• @johndiesattheen @johndiesattheen on x

  People used to ask, when these crypto coins skyrocket in value, where is the money coming from? Like if everyone tried to withdraw their coins as cash, who is losing the cash they gain? Well it appears the answer that the coin exchanges just... never had the money to give? https:…

• @brian_frank Brian Frank on x

  “Extreme market conditions.” Seems to me like pretty normal market conditions for crypto. https://twitter.com/...

• @zerohedge @zerohedge on x

  Celsius has (had) $12BN in customer assets across 1.7 million users. The Celsius unwind has sent bitcoin from $30K to $25K

• @0xfoobar @0xfoobar on x

  DeFi transparency: here are all funds and collateral ratios CeFi transparency: sorry the CEO lost his voice, no AMA today

• @silvermanjacob Jacob Silverman on x

  24 hours ago the Celsius CEO challenged someone to name one person who had problems withdrawing from his platform. Today, he shut down all withdrawals for all customers. https://twitter.com/...

• @pkedrosky Paul Kedrosky on x

  Crypto gonna crypto. https://twitter.com/...

• @convertbond Lawrence McDonald on x

  When ever you hear “our community” - run - don't walk the other way. https://twitter.com/...

• @firstadopter @firstadopter on x

  Sigh. It was obvious. https://twitter.com/...

• @susanlitv Susan Li on x

  #Crypto carnage continues 👇 https://twitter.com/...

• @patio11 Patrick McKenzie on x

  My “We absolutely have all the money backing us we've promised except for those documented years in which we didn't” T-shirt is causing many questions already answered by the shirt. https://twitter.com/...

• @chadsgx Chad on x

  It's over for me folks https://twitter.com/...

• @xtremetom @xtremetom on x

  Ooof. Crypto and NFTs are daunting enough for new users. They want to feel secure in big companies holding their assets and managing security but moves like this scare them away and hurt the whole ecosystem. https://twitter.com/...

• @bobbybigwheel Aaron on x

  When a business says you're part of a community you know you're about to have a lawsuit on your hands https://twitter.com/...

• @flynnjamm @flynnjamm on x

  People in the comments are finding out about custodial risk the hard way Sad to see but an important learning lesson https://twitter.com/...

• @zguz @zguz on x

  One of the largest crypto lenders just froze all withdrawals A crypto “bank” of its size ($12 billion in assets) running into liquidity issues was always a systemic risk It's hard to overestimate the seriousness of this. They had been trying to calm the panic. This is a 180 https…

• @samuelhburke Samuel Burke on x

  MAJOR CRYPTO NEWS: It's certainly a serious situation when a group says they're taking action to “protect and preserve assets to meet our obligations.” Crypto Lending Service Celsius Pauses Withdrawals, Citing ‘Extreme Market Conditions’ https://www.coindesk.com/... via @coindesk

• @amlivemon @amlivemon on x

  Crypto continues to show its fraudulent self https://twitter.com/...

• @lindy_yuppie @lindy_yuppie on x

  Sorry kiddo. Gotta liquidate Celsius and destroy eth so I can spend 2 billion dollars getting Biden re-elected so I don't go to jail https://twitter.com/...

• @liebermanaustin Austin Lieberman on x

  Web 2 FTW - Never had an issue working fraudulent charges out on my credit cards - Never worried about my investment brokerage not letting me transact/get my money - Never had an issue with my bank letting me get my money + it's FDIC insured https://www.coindesk.com/...

• @howardlindzon @howardlindzon on x

  ‘thank goodness I listened to the laser eyes guy’ has not aged well

• @bakkooonn @bakkooonn on x

  https://twitter.com/... https://twitter.com/...

• @carrascosacris_ @carrascosacris_ on x

  I just hope this is a temporary measure, otherwise, the domino effect is going to be ugly af. Just think about how many exchanges and platforms were offering yields to their own costumers using Celsius. https://twitter.com/...

• @pt Parker on x

  The question was always whether the crash would follow a regulatory crackdown, or whether a regulatory crackdown would follow the crash. Regulators still seem asleep, but a few more of these and maybe? https://twitter.com/...

• @mdudas Mike Daodas on x

  every. goddamn. time. sad. this is extremely no bueno for all of us. https://twitter.com/...

• @howardlindzon Howard Lindzon on x

  it's like Lehman but digital https://twitter.com/...

• @ryansadams Ryan Sξan Adams on x

  Two words Celsius and Luna had in common. “Trust me”

• @dicktugging Tony Stonk on x

  Translation: “It's in your primary interest to block you from your investment. We will continue to monitor your accounts as crypto nosedives and hope to god we're not out of business before we can settle our debt.” https://twitter.com/...

• @hgesol @hgesol on x

  why do people still use centralized platforms to store their decentralized assets? never leave assets in CEX overnight. https://twitter.com/...

• @mikeisaac @mikeisaac on x

  just another reminder that crypto is largely unregulated and all of the flashy accoutrements pledging to protect your assets should be viewed as marketing.... https://twitter.com/... https://twitter.com/...

• @howardlindzon @howardlindzon on x

  ‘extreme market conditions’ hmmm ... they never claimed that when they were depositing billions of dollars turns out the deposits were the extreme market condition.

• @cobie @cobie on x

  Presented without comment https://twitter.com/...

• @wmiddelkoop Willem Middelkoop on x

  Sounds like Lehman pre-Lehman (sept 2008) https://twitter.com/...

• @jeffjohnroberts Jeff Roberts on x

  DM from Celsius CEO on 5/16 assuring me things are just dandy & inviting me to take a loan... https://twitter.com/...

• @suhail @suhail on x

  This is a very concerning situation in crypto: https://twitter.com/...

• @econoar @econoar on x

  Dear Celsius, I wrote you but you still ain't responding I tried to withdraw my BTC, my ETH, and USD at the bottom But anyways; fuck it, what's been up? Man, how's your reserves?

• @kurtwuckertjr @kurtwuckertjr on x

  @Techmeme People need to follow my tweets more closely... https://twitter.com/...

• @mdudas Mike Daodas on x

  I'm saddened by how many people are cheering on the demise of @CelsiusNetwork. I, along with many others, counseled people not to put their funds with that risky business. However, many did, and a large number of retail folks look like they are soon to be rekt. We all lose.

• @silvermanjacob Jacob Silverman on x

  Basically it sounds like Celsius lacks liquidity to pay out withdrawals ("we are working diligently to meet our obligations"). Hard to see this situation improving. https://twitter.com/...

• @robustus Dan McArdle on x

  Beware bull market philosophers who are actually just ruthless mercenary traders. https://twitter.com/...

• @nobsbitcoin @nobsbitcoin on x

  Shitcoin Casino Celsius Network Pauses All Withdrawals Amid Liquidity Issues - not your keys, not your coins https://blog.celsius.network/ ... https://twitter.com/...

• @kr00ney @kr00ney on x

  Big yikes in crypto right now Celsius pausing ALL withdrawals, swaps, transfers. ~2M customers, $11.8B in AUM (as of May 17) https://twitter.com/... https://twitter.com/...

• @lawmaster @lawmaster on x

  @icebergy_ ... TBT. Problem with Celsius has always been the extreme opaqueness and customers' exposure to unknown risk. In bull markets it works beautifully, in bear markets they will get rekt eventually. Not even close to worth keeping your money there and luckily I never did

• @teroterotero Tero Kuittinen on x

  Lord, it cracked under 25K. This is like the Iroquois Theater Fire and we're sharing this tragic moment on this microblogging service real time.

• @defiprime @defiprime on x

  “I told you so” moment from 2019(!) ✅ https://twitter.com/...

• @pt Parker on x

  So much for uncensorable transactions. https://twitter.com/...

• @mattflannery Matt Flannery on x

  “incredible Celsius community” https://blog.celsius.network/ ...

• @cobie @cobie on x

  Crazy that this happens right after the CEO lost his voice and couldn't attend the AMA https://twitter.com/...

• @readdanwrite Daniel Roberts on x

  💀💀 https://twitter.com/...

• @mdudas Mike Daodas on x

  @Mashinsky ... “if you are paid for this” gtfo mashinsky i was literally sticking up for you against the people who are dancing on your grave - and your retail customers - around the strong reports that you have a few weeks of solvency left

• @cobie @cobie on x

  I guess now you have to hope that they're not bankrupt but they just put too much of customer funds into illiquid/locked places — eg on beacon chain Then maybe they can wait it out and pay users back But if they lost everything then gg I guess

• @cz_binance @cz_binance on x

  Temporary pause of $BTC withdrawals on #Binance due to a stuck transaction causing a backlog. Should be fixed in ~30 minutes. Will update. Funds are SAFU.

• @cz_binance @cz_binance on x

  This is only impacting the Bitcoin network. You can still withdraw Bitcoin on other networks like BEP-20. Likely this is going to take a bit longer to fix than my initial estimate. More updates soon. Thanks for your patience and understanding🙏

• @litcapital @litcapital on x

  Bored Ape holders in 2021 vs. 2022 https://twitter.com/...

• @alexisohanian @alexisohanian on x

  GM. It's a great day to build.

• @francispouliot_ @francispouliot_ on x

  “Celsius last year raised $400mn in an equity funding round led by Caisse de dépôt et placement du Québec, Canada's second-largest pension fund” On the bright side, the scam exit liquidity was from the pension of mostly government employees. https://www.ft.com/...

• @dougboneparth Douglas A. Boneparth on x

  You can't spell crypto without cry. 😢

• @raoulgmi Raoul Pal on x

  Remember December 2018? This is exactly what it felt like. Rising rates, oil at the highs, rising dollar, rising inflation, QT and markets breaking everywhere. Then the economy rolled over...

• @tracyalloway Tracy Alloway on x

  Turns out avocados were the real inflation hedge all along. https://twitter.com/...

• @ercwl Eric Wall on x

  Just bought 32 ETH for $38k Seemed cheap

• @refsrc Manish Singh on x

  Top performing tokens of the last 24 hours (among the 100 most valuable projects / firms with market cap) are all just stablecoins. https://twitter.com/...

• @twobitidiot @twobitidiot on x

  It's like the March 2020 macro crash, but with a side of 2018 ICO unwind, 2014 scandals and bankruptcies, and new real regulatory risks. https://twitter.com/...

• @saylor Michael Saylor⚡️ on x

  In #Bitcoin We Trust.

• @howardlindzon @howardlindzon on x

  bitcoin now up just 20 percent from 2017 highs. it's sad , hilarious and so stupid how much time people have devoted to talking about the price and yet here we are

• @sdonnan Shawn Donnan on x

  “And the total crypto market cap, which topped $3 trillion in November, was $1.02 trillion as of 5 a.m. New York time on Monday, according to CoinGecko.” https://www.bloomberg.com/...

• @mdudas Mike Daodas on x

  global crypto market cap back to $1 trillion in aggregate, an absolute incredible long term buy opportunity in near term, however, hard to recommend anything specific, feels like max pain still ahead

• @fintechfrank Frank Chaparro on x

  Bored Apes down to $85,000 https://twitter.com/...

• @jemimajoanna Jemima Kelly on x

  Bitcoin now down almost a quarter since El Salvador's president “bought the dip” last month. That's over $3 million down the drain just in that last round of buying, in a country where 1 in 4 live below the poverty line https://twitter.com/...

• @jp_koning John Paul Koning on x

  Tether redemptions are just pouring into Bitfinex right now. This wallet alone has done around 180 million in redemptions in the last hour: https://etherscan.io/... It looks like version 2.0 of the run on Tether has begun. Version 1.0 petered out last month. https://twitter.com/.…

• @campuscodi Catalin Cimpanu on x

  Press F for the cryptobros https://twitter.com/...

• @cz_binance @cz_binance on x

  Some climbing ahead. Not the first time, won't be the last. We will get there.

• @mdudas Mike Daodas on x

  https://twitter.com/...

• @blockfizac Zac Prince on x

  All products and services @BlockFi continue to operate normally, including loans, interest earning, trading, credit card and deposits / withdrawals. We have zero stETH exposure and exited the principal positions we had in GBTC last fall.

• @iamjosephyoung Joseph Young on x

  This bear market is tough. Not because how much crypto dropped, but the reputational consequences of the things that have blown up or gone insolvent. I personally am approaching this market with 2024 halving as the most likely recovery phase. Tightening mode for 2 yrs.

• @erikvoorhees Erik Voorhees on x

  Markets cleanse themselves. Sometimes in very cold water.

• @digieconomist @digieconomist on x

  BREAKING: The current price crash is causing Bitcoin's environmental impact to slide as well. Every further $1,000 drop in the BTC price will reduce the network's carbon emissions by more than 10 metric kilotons of CO2 per day. https://twitter.com/...

• @hhorsley Hunter Horsley on x

  Not a fun moment, but team Bitwise is here for the long run

• @sassal0x @sassal0x on x

  https://twitter.com/...

• @wublockchain Wu Blockchain on x

  According to https://t.co/..., if Ethereum falls to $1100-1200, the liquidation pressure from DeFi will be about $900 million, mainly from AAVE Makerdao and Compound. @JinzeJiang0x0 https://twitter.com/... https://twitter.com/...

• @twobitidiot @twobitidiot on x

  Crypto lenders, exchanges, and custodians should have proof of reserves and public disclosures requirements on their lending books. Immediately. Full stop. Stop fucking around and cover the basics.

• @trustlessstate @trustlessstate on x

  There's still Saylor left To liquidate

• @wublockchain Wu Blockchain on x

  The current floor price of BAYC is 68 ETH (approximately $92,000), a 24-hour drop of 18% in ETH and a 22.7% drop in USD. https://www.gem.xyz/...

• @tier10k @tier10k on x

  El Salvador, Microstrategy, Tesla and Block holdings https://twitter.com/...

• @thestalwart Joe Weisenthal on x

  $MSTR plunging 17% pre-market https://twitter.com/...

• @mstratbtcvalue @mstratbtcvalue on x

  Here's the kicker, MicroStrategy's $3.97 billion (129,218BTC) #Bitcoin fund is now worth $3,331,201,275 -16.09% | Current BTC price: $25,780 Share price was $118.22, now $203.36 which is +72.02% since Bitcoin capital allocation strategy announcement on 08-Jul-20. I take tips

• @ashwsbreal @ashwsbreal on x

  On the average #BTC buys El Salvador down -44% ( -$46 million ) Microstrategy down -17% ( $713 million ) Tesla down -20% ( $270 million ) Block down -8% ( $17 million ) https://twitter.com/...

• @thevunderkind @thevunderkind on x

  🫠 https://twitter.com/...

• @udiwertheimer @udiwertheimer on x

  BREAKING: MicroStrategy has acquired an additional 1,578 BTC at an average price of $33,574

• @patrickeboyle Patrick Boyle on x

  Microstrategy's looming margin call - https://www.ft.com/... https://twitter.com/...

• @bauhiniacapital @bauhiniacapital on x

  MicroStrategy is really an interesting “problem.” They have 129,217 BTC and US$2.27bn of debt. Every move of $1k on USDBTC is worth US$11.40/share. #BTC down $6k since Friday's close? “Fair” has dropped US$68.6/share or.... [checks notes...]... 33.7% since Friday's close.

• @bauhiniacapital @bauhiniacapital on x

  The easy arithmetic: MSTR has 129,218 BTC. At $25k, MSTR BTC assets less net debt = $86/shr. Every $1k BTC drops, is worth -US$11.44/shr. At BTC=US$17,500, BTC portfolio less net debt = zero. The debt may get ugly, but at some point, the debt may be an interesting call.

• @jimcramer Jim Cramer on x

  As bitcoin plunges, keep in mind that Microstrategy ' s “strategy” is worth watching

• @joelgriffith Joel Griffith on x

  @jimcramer MicroStrategy (MSTR) is down 83 percent since early November 2021. $10,000 in MSTR stock is now worth just $1,700. The “HODL” aspect of MSTR “strategy” certainly bears “watching”— but not replicating. https://twitter.com/...

• @thestalwart Joe Weisenthal on x

  $MSTR -24% $COIN -15%

• @wublockchain Wu Blockchain on x

  “We have a very healthy war chest, we in fact are expanding hiring right now,” the Binance CEO CZ said at the Consensus 2022 conference, when asked about rival Coinbase Inc.'s recent hiring freeze, also “kicking into high gear in terms of M&A activity” . https://finance.yahoo.com…

• @ahcastor Amy Castor on x

  MicroStrategy has a $205 million BTC collateralized loan with Silvergate Bank. If BTC drops below $21K, Saylor's company will be forced to hand over uncollateralized BTC to answer any potential margin call. https://fortune.com/...

• @web3isgreat @web3isgreat on x

  @MikeBurgersburg CEL is already down by more than 55%, within an hour of the announcement Second chart shows CEL price's over the past year. https://twitter.com/...

• @hotradero Poltak Hotradero on x

  Deep winter is coming... https://twitter.com/...

• @ahcastor Amy Castor on x

  $CEL just lost half its value on the news that the crypto lender was suspending all withdrawals https://twitter.com/...

• @loomdart @loomdart on x

  mfers longed luna all the way down to zero yet are shorting cel with -0.5% an hour funding