Four Celsius corporate creditors filed for a second disbursement after allegedly receiving 35% less than promised.
Two Celsius creditors have filed a motion asking for a second distribution after they allegedly suffered reduced payments from possessing corporate accounts.
However, the Celsius debtors allegedly failed to make the payments by the Jan. 16 deadline. On Jan. 19, a representative of Celsius told the two individuals that they would not be allowed to receive cryptocurrency payments since their accounts were not in the cut-off of the first 100 corporate Celsius accounts in terms of the value of their assets. Instead, the cryptocurrency would need to be converted into cash and paid out through the banking system.
The couple claims that the cash value of these payments is far less than the value of the BTC and ETH they were owed, based on prices prevailing on the date they received the payments. By their calculations, they should have received $973,955, the equivalent value of the BTC and ETH they were promised. They are, therefore, demanding an additional $338,611 plus interest payments of $11,984 for holding their cryptocurrency past the required distribution date, for a total of $350,596.
Cryptocurrency exchanges Kraken and Bitgo could have been used instead of Coinbase and PayPal, which could have handled “widespread distribution to a large group of creditors,” the document alleges. It calls the selection of Coinbase and PayPal an “arbitrary choice.”
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Simpsons Season 35’s Best Episode Highlighted A Major 35-Year-Old MysteryThe Simpsons S35 acknowledged a major mystery.
Read more »
35 Years Ago, 'Honey I Shrunk The Kids' Made Moms Feel SmallThe kids weren’t the only ones who became almost invisible in this 1989 classic.
Read more »
Eiteljorg at 35: CEO discusses past and future of distinguished museumMichael joined WRTV in October 2015 as a content coordinator. He transitioned to the WRTV Digital Team as a digital content producer in August 2021.
Read more »
Germine Joly, former leader of Haiti gang, sentenced to 35 yearsThe leader of a notoriously violent gang in Haiti linked to the kidnapping of 16 U.S. citizens has been sentenced to 35 years in prison. Germine Joly, best known as “Yonyon,” had pleaded guilty in January to weapons smuggling and the laundering of ransoms related to the U.S. citizens kidnapped in October 2021. The plea brought his trial to a halt.
Read more »
35 years later, Tim Burton’s Batman still feels like a breath of fresh airDT Video
Read more »
35 Beauty Items That Must've Been Invented By WitchesPeople might think you had to cast a spell to get such enchanting results.
Read more »