celsius repayment plan

[void]

I don't remember who (@JackAlabama or @JohnnyDoe perhaps) posted quite some time ago a link to an opportunity to buy Celsius related claims, cannot find the thread/comment though - I must admit I was skeptical about such an investment but it appears some people might have made quite a good decision
https://decrypt.co/205367/celsius-to-emerge-from-bankruptcy-with-repayment-plan-approved
off-topic note.... searching for the post I came across this thread Make your vote, Bitcoin will hit 18K now? - hilarious reading really

 

[StMark]

If you expect the recovery rate to be above the price you pay for the‌ claim it's a good trade for sure. Currently I've seen Celsius claims trading around 35c‍ on the dollar, meaning you pay 0.35c for every 1$ of claim. Potential risks are⁠ long settlement time and ballooning legal fees, opportunity costs, clawbacks. Pro: you unlock liquidity today⁤ and can already re-deploy capital in crypto if you expect a bull market.

I am⁣ myself dealing in FTX, Genesis and Celsius claims, so if anyone lost funds on those⁢ platforms happy to have a chat about trading the claim.

PS: Adding more color on︀ the process: trading a single claims has transaction cost of around 300-400$ as you need︁ to submit papers to the bankruptcy court. Buyer name is public, seller name can be︂ redacted.

 

[JohnnyDoe]

Celsius claims last traded at 34-39% (bid-ask), it seems that now that the restructuring plan is approved transactions ended. FTX trades at 54-57%.
When I first posted about it, FTX was trading at 13%: FTX bankruptcy for investors

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[Wellington]

Lol,

I met him in 2018 in Dubai for⁣ a Blockchain conference, an obvious ponzi scheme.

You can︈ trade via that new Three-Arrows exchange - just have to dox your wallets and do︉ KYC.

I Doubt Celsius will have a recovery like FTX, you had some serious money︊ finders tasked on that one, and they had heaps of assets to unwind (doubtful much︋ will be lost PP).

Celsius on the other hand...

 

[walako]

Does anyone here knows on FTX Repayments? Any ways to get funds back? Any middleman/brokers‌ dealing with it?

 

[aniglo22]

https://claims.ftx.com/welcome (you should login with your ftx‍ account credentials ) and for case infos and forms : https://restructuring.ra.kroll.com/FTX/EPOC-Index
You should complete the process at https://claims.ftx.com/welcome :