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Matt
@bo
Looks like Celsius might be distributing 1.98 billion of their remaining ETH to creditors instead of selling it. Bullish
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Thomas
@aviationdoctor.eth
So they’ve been staking this whole time? How much did they make in rewards? That must have been a serious boon to the treasury, is it why they’re able to pay out now?
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Not.king
@king-
Yes. Celsius credited staking rewards as helping to make creditors whole.
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Thomas
@aviationdoctor.eth
Great, so I have a new business plan: 1) Borrow / raise millions of dollars 2) Stake and declare bankruptcy 3) Drag the court proceedings for as long as possible 4) Unstake, repay principal to creditors, pocket the staking rewards 5) Profit
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Triangular
@triangular88
Or be ftx repay principal on dollar value
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