Thread: Bitcoin et al.
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Old 08-01-2022, 10:21 AM   #166
dubb93
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Join Date: Nov 2004
Quote:
Originally Posted by Edward64 View Post
An article this morning on what next for Celsius & Voyager customers. Essentially, a long and frustrating grind, likely ending up with very much less than what they hope for.

On one hand I feel bad for some because they were misled (e.g. Voyager saying they can weather the storm) but on the other hand, they must have known this was very risky and there were no guarantees.

'I have been in shock': Court letters reveal financial distress after Celsius, Voyager bankruptcies

I will be honest that I haven't followed any of this, but were they really a publicly traded company claiming to be FDIC insured when they were not? That would give me quite a bit more sympathy here for the customers if they were being led to believe that everything was insured...especially if the owners of this company also own a separate mining business (which it isn't really clear if this is included in the bankruptcy or not from the article.)
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Quote:
Originally Posted by McSweeny
Because you know it takes sound strategy to get killed repeatedly on day one right?
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