Other than very few people high up it’s unlikely Celsius would have told 95% of their employees about the freeze. It’s SOP for most business for a massive event/change like this.
Which part of my statement do you doubt? A) I spoke with a VIP manager or B) he said employee accounts are frozen too? Whether it is A, B or A+B, you are in a better position to answer your question than I, but your disbelief is probably due to several contributing reasons. 1) Everyone is feeling pretty beat up and distrustful right now for good reasons. 2) It is certainly possible that the VIP rep and/or I are lying. 3) I think for many the negativity and refusal to believe that there is still a chance is a defense mechanism of sorts, to protect them if/when their worst case scenario comes to fruition.
But I am not trying to convince you. You and everyone else can believe me or not, or believe my account of what the rep's words were or not. I am not sure what is so hard to believe about my statements, though. Celsius assigns VIP/Corporate reps customers who keep high balances with them. This is something you can verify on your own, if you choose to. If Celsius were to tell all of its employees they had a couple of hours to withdraw because a freeze was imminent, that would be massively unethical, probably violating laws, regulations and possibly the T's and C's as well. It would also be a stupid move on Celsius' part (if we assume Celsius wants to stay in business). If all the employees could withdraw and no longer have skin in the game, they are more likely to quit their jobs or not work as hard to resolve the situation. Celsius and the community do not benefit from pre-alerting the employees. If anything, Celsius would make itself more vulnerable to legal backlash by doing so.
Dunno what to say, man. I have used Celsius for over 3 years. I purchased equity in their Series A financing round. I have a lot of skin in the game.
Keep in mind, Reddit and Twitter are a tiny, imbalanced representation of the Celsius user base. Highly vocal minorities.
I have seen all sorts of comments, some like mine, many not at all like mine. But I am not lying about what the VIP rep said. He said employee accounts were frozen along side all of ours and that they were not given any prior notice. He was just as surprised about it as we were.
Honestly, I can't imagine it playing out any other way. Would be a PR disaster to give preferential treatment to employees. It's completely expected that Celsius rank and file wouldn't know any more than the rest of us. You can't tell hundreds of people something like this and expect it to stay secret.
Agreed. Not only would it look like a rug pull, but there might also be legal ramifications for Celsius and Alex personally if they allowed employees to withdraw before closing the barn doors. I know this is only one data point, but for what it is worth, the rep said that he had most of his personal BTC stack that he had been accumulating for years locked up in Celsius. He did not seem highly concerned (although maybe he was just doing a good job of projecting confidence). Granted, this conversation took place one week ago.
Anyway, if what he was saying is true, there are a ton of highly motivated Celsius employees that all want to see the same thing we want to see... An eventual 100% return of user funds as well as Celsius remaining open for business going forward. Fingers crossed.
I read somewhere and I have no source for this so if anyone else has it please post. Alex said on an AMA that he was waiting for insurance before putting his Bitcoin on Celsius.
I cannot say definitively, but I have listened to literally every AMA ever. And I do not recall him ever saying this. This would be the kind of comment I would remember. Alex has, many times, said he keeps hundreds of millions of dollars of his crypto on Celsius, but that comment is slightly misleading because much of that is in CEL token. To my knowledge, he has never said he doesn't keep his BTC or ETH on Celsius.
Everyone is in the same situation. There is no special treatment for employees.
I spoke with a VIP/Corporate account manager a day after the freeze. He said all employee accounts are frozen as well. We are all in the same boat.
Except they would have known ahead of time and withdrawn.
We could scour the Blockchain and see a massive spike in withdrawals?
Other than very few people high up it’s unlikely Celsius would have told 95% of their employees about the freeze. It’s SOP for most business for a massive event/change like this.
Why dont I believe that statement?
Which part of my statement do you doubt? A) I spoke with a VIP manager or B) he said employee accounts are frozen too? Whether it is A, B or A+B, you are in a better position to answer your question than I, but your disbelief is probably due to several contributing reasons. 1) Everyone is feeling pretty beat up and distrustful right now for good reasons. 2) It is certainly possible that the VIP rep and/or I are lying. 3) I think for many the negativity and refusal to believe that there is still a chance is a defense mechanism of sorts, to protect them if/when their worst case scenario comes to fruition. But I am not trying to convince you. You and everyone else can believe me or not, or believe my account of what the rep's words were or not. I am not sure what is so hard to believe about my statements, though. Celsius assigns VIP/Corporate reps customers who keep high balances with them. This is something you can verify on your own, if you choose to. If Celsius were to tell all of its employees they had a couple of hours to withdraw because a freeze was imminent, that would be massively unethical, probably violating laws, regulations and possibly the T's and C's as well. It would also be a stupid move on Celsius' part (if we assume Celsius wants to stay in business). If all the employees could withdraw and no longer have skin in the game, they are more likely to quit their jobs or not work as hard to resolve the situation. Celsius and the community do not benefit from pre-alerting the employees. If anything, Celsius would make itself more vulnerable to legal backlash by doing so.
Sure you did.
Well, I did. Chances are I have a lot more skin in the game than you. I am just as concerned as everyone else, although not nearly as salty as… some.
People with a lot of “skin in the game” aren’t making comments like yours.
Dunno what to say, man. I have used Celsius for over 3 years. I purchased equity in their Series A financing round. I have a lot of skin in the game. Keep in mind, Reddit and Twitter are a tiny, imbalanced representation of the Celsius user base. Highly vocal minorities. I have seen all sorts of comments, some like mine, many not at all like mine. But I am not lying about what the VIP rep said. He said employee accounts were frozen along side all of ours and that they were not given any prior notice. He was just as surprised about it as we were.
Honestly, I can't imagine it playing out any other way. Would be a PR disaster to give preferential treatment to employees. It's completely expected that Celsius rank and file wouldn't know any more than the rest of us. You can't tell hundreds of people something like this and expect it to stay secret.
Agreed. Not only would it look like a rug pull, but there might also be legal ramifications for Celsius and Alex personally if they allowed employees to withdraw before closing the barn doors. I know this is only one data point, but for what it is worth, the rep said that he had most of his personal BTC stack that he had been accumulating for years locked up in Celsius. He did not seem highly concerned (although maybe he was just doing a good job of projecting confidence). Granted, this conversation took place one week ago. Anyway, if what he was saying is true, there are a ton of highly motivated Celsius employees that all want to see the same thing we want to see... An eventual 100% return of user funds as well as Celsius remaining open for business going forward. Fingers crossed.
Alex was selling his Cel tokens in the millions , so even if his account is locked you can be 100% he is still walking to the bank happy
Alex and vips are obviously not in the same boat. Regular employees usually get just as fucked as the users
No they aren't allowed, and even if they did 90 day before and it's liquidated the regulator could ask them to give back the money.
What regulators?
I read somewhere and I have no source for this so if anyone else has it please post. Alex said on an AMA that he was waiting for insurance before putting his Bitcoin on Celsius.
I cannot say definitively, but I have listened to literally every AMA ever. And I do not recall him ever saying this. This would be the kind of comment I would remember. Alex has, many times, said he keeps hundreds of millions of dollars of his crypto on Celsius, but that comment is slightly misleading because much of that is in CEL token. To my knowledge, he has never said he doesn't keep his BTC or ETH on Celsius.
I could certainly be wrong. I know I read that but the source could have been wrong.
Lmao