LINKIES WERE RIGHT ALL ALONG ABOUT CELSIUS SHIRT SQUEEZE

[Anonymous No.50231907]

Holy fucking shit. Read pic related court case recently filed against Celsius by one of the firms they hired to try generate profits.

They said that Celsius never tracked the underlying asset interest they owed customers, just the USD value at the time. So as assets rose in price they had absolutely no way to pay people back especially as they “often engaged in UNHEDGED PROFIT SEEKING WHICH LEAD TO BILLIONS IN LOSSES”.

So they are basically in massive LINK debt right now not just in customer liabilities but in terms of short positions on CEX and Defi protocols.

[Anonymous No.50231920]

Another interesting thing they said was that Celsius executives didnt even understand Defi and why they had large impermanent losses on assets the firm had used and tried to demand the money back. They are utterly fools

[Anonymous No.50231924]

>>50231907
>>50231920
Wow cant believe it. This is extremely bullish for XRP indeed

[Anonymous No.50231940]

NEXO have had over 1.7 million LINK withdrawn in an unprecedented speed of withdrawals in 3 weeks. They have desperately tried to top up their wallet which pays out user withdrawals but its not slowing as you can see.

Fucking withdraw. These cunts are insolvent and retarded as shit. If you have debt on nexo just pay it back and open a new position on same leverage on binance. I know you retard gamblers dont want to see your losses but suck it the fuck up you niggers. You are 100% about to lose it all if you dont withdraw.

[Anonymous No.50231962]

>>50231907
holy fuck
who was running celcius?
thats the most retarded shit ive ever read

[Anonymous No.50231987]

>>50231962
really makes you understand how ripe web3 is for the taking when it's populated by so many retards

[Anonymous No.50232008]

When the fuck was ether ever .45 of a btc?

[Anonymous No.50232082]

Sounds like the tokens are needed after all.

[Anonymous No.50232162]

>>50231987
I reminds me of the 2017 bull run when you'd see some project come out of nowhere that looked really impressive, but then you see the team is a bunch of shithead 22 year olds with public high school educations coding through some 3rd world slave.

Web3 isn't going anywhere, but the big boy institutions need to come in and clean up the sector just like they've started doing with L1s.
Of course, Chainlink is going to end up on top of the heap because this whole defi mess has been like squirting coke into a woman's menthos laden asshole.
Sooner or later it's going to explode and she's going to jump out of that bathtub with a shocked look on her face.

[Anonymous No.50232175]

I took 50k out of Nexo but left 500 USD in locked btc

I'm confortable with the facto I may only lose 500 USD instead of 50k

God dam I shouldnt gamble so much

I Lost more money than could afford with retarded crypto and Im only a late comer

[Anonymous No.50232186]

>>50231907
It’s not like they have to buy link to make their customers whole, though. They can just say “your money is gone lol oops”

[Anonymous No.50232241]

https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=RvF30Mz2IZW63s1mjjau2Q==

Paragraph 103:
It is now reported that Goldman Sachs is looking to purchase Celsius’ assets (valued at around $11.8 billion in customer deposits as of May 17, 2022) for the fire sale price of $2 billion.
To be clear, under the Celsius terms of service, Celsius asserts that these assets, which were provided to it by regular consumers, are its property, and not held on behalf of any customer. Thus, it is entirely possible that any such asset purchase would wipe-out customer deposits in order to pay of Celsius’ own lenders.

[Anonymous No.50232272]

>>50231907
Two more weeks right?

[Anonymous No.50232281]

>>50232241
But bro! 6% APR!

[Anonymous No.50232311]

>>50231962
who do ya think?
it's not a meme

[Anonymous No.50232333]

>>50232281
Paragraph 87:
As customers sought to withdraw their ether deposits, Celsius was forced to buy ether in the open market at historically high prices, suffering heavy losses. Faced with a liquidity crisis, Celsius began to offer double-digit interest rates in order to lure new depositors, whose funds were used to repay earlier depositors and creditors. Thus, while Celsius continued to market itself as a transparent and well capitalized business, in reality, it had become a Ponzi scheme.

[Anonymous No.50232340]

>>50232241
>Celsius asserts that these assets, which were provided to it by regular consumers, are its property, and not held on behalf of any customer.
Holy fuck lmao
>>50232311
Waifu

[Anonymous No.50232359]

>>50232333
Checked. The term "Ponzi" gets massively overused/misused in crypto but that is it right there.

[Anonymous No.50232420]

Paragraph 77:
Stone became aware that since at least February 2020, Celsius had engaged in a series of transactions designed to artificially inflate the price of CEL tokens.
Connor Nolan, head of coin deployment at Celsius, informed Stone that Celsius had used approximately 4,500 bitcoin, with a current value of $90 million, in customer deposits to purchase CEL on the open market between February 2020 and November 2020 to artificially inflate the price.

[Anonymous No.50232615]

>USD unit of account
>didn't account for the market value of deposited assets fluctuating
>HODL MODE ENGAGED
holy fuck what an absolute train wreck kek

[Anonymous No.50232622]

>>50232420
The digits match the file name

[Anonymous No.50232653]

>>50231907
still not a short squeeze tho
those happens because tradfi markets are regulated and at the end of the day someone has to make whole the market bets even if it is the broker at the end of the chain out of their own pocket
crypto on the other hand isn't regulated and even if it was there is no counterparty with bags big enough to make this whole, it will be just lost all your money goy thanks for playing
in the medium timeframe it will even cause another big dump as all assets left on nexo's book are liquidated on open market to pay back their privileged debt holders, lol clients last in line

[Anonymous No.50232695]

>>50232082
kek

[Anonymous No.50232926]

>>50232008
It should read from 0.024 to 0.045

[Anonymous No.50233067]

>>50231907
How are they in link debt when link's price has crashed for 2 years?

[Anonymous No.50233108]

>>50233067
LINK crashed because these guys sold all of the LINK users sent them in order to play gambling games, and now they owe their users millions of LINK that they don't have.
The thing is, rathe than buying back millions of LINK to make their users whole, they are just not going to repay the users.

[Anonymous No.50233112]

>>50231940
Your chart seems to show they have way more link than they had even just a couple of months ago

[Anonymous No.50233148]

>>50233108
But it's not like link has bounced back at any point, so it was only a bad move if they then took that those funds and lost it elsewhere.

[Anonymous No.50233153]

>>50233108
This
This is why its so fucked up
We need to make these jews pay for what theyve done

[Anonymous No.50233174]

>>50231962
Their CFO is a literal pornstar.

[Anonymous No.50233186]

>>50232241
UNBANK YOURSELF

[Anonymous No.50233187]

>>50233148
Yes they would have definitely sold the LINK for more than it is worth now, but that doesn't change the fact they're simply not going to buy it back and will just claim insolvency.

[Anonymous No.50233197]

>>50233187
This
FUCK THESE RAT KIKES

[Anonymous No.50233216]

>>50233067
They literally just sold users funds into every link rally for the last few years to get funds to keep the ponzi going

[Anonymous No.50233228]

>>50233216
But surely they must be well up by now regardless unless they squandered the money elsewhere.

[Anonymous No.50233258]

>>50232162
quite the poet

[Anonymous No.50233262]

Attention all Celsius, Nexius and Bancor whales:

The Great Reset has come at a crossroads with humanity. We can not allow the WEF & the young globohomo leaders to manipulate the markets any longer with their fake wars and gay market crashes. In order for the Golden Bullrun to resume, Chainlink(ticker: LINK) needs to be destroyed.
/biz will declare WAR on Chainlink next week and send globohomo a message.
You heard it here first. Linkies will be financially exterminated. Participation is mandatory btw, proof of short will be required to post on /biz. I repeat everybody will have to participate.

Spread the word and prepare your shorts. It's finally happening... The Great Short is upon us lads.

[Anonymous No.50233318]

>>50232162
So why will chainlink end up on top exactly?

Fuck off with your analogies. Break it down or shut the fuck up.

[Anonymous No.50233349]

>>50232241
>>50232281
guess in the end if you were really in it for the "tech" and decentralization you were actually rewarded

[Anonymous No.50233360]

>>50232082

[Anonymous No.50233380]

>>50232186
>>50232281
You redditors are so annoying.

[Anonymous No.50233411]

>>50231962
a woman and a jew

[Anonymous No.50233474]

>>50232082

[Anonymous No.50233553]

This is why there's no short squeeze. We owe millions of LINK? Sorry we're insolvent, we're just not going to pay it back. End of short squeeze theory

[Anonymous No.50233559]

>>50233318
Co-creator Nazarov calls it "the Coke and Mentos model". After years of thorough R&D, Chainlink Labs has concluded that for staking to be optimal "across all possible market conditions", LINK tokens have to be staked on nodes as incentive collateral, similar to how you'd store a few Mentos inside a prostitute's gaping anus, and in case of faulty or dishonest node behavior, a trustless slashing mechanism would trigger in order to punish the malicious actor, like pouring a bottle of coke inside the gaping prostitute hole, creating a geyser-like eruption of the collateralized funds to cover for potential losses. Ari Juels, former chief scientist at RSA, confidently affirms that this novel, unusual model "is just simple game theory". Dan Boneh, a cryptography veteran with an h-index of 120 who also recently joined Chainlink Labs as research advisor, added: "quite old-school, really".

[Anonymous No.50233570]

>>50233228
they lost a shit load on luna and degen leverage trading, they owe customers $11 billion worth of tokens, they have $2 billion....

[Anonymous No.50233618]

>>50233553
at the minimum there will be less Link selling by these scammers when they are gone and the retards that gave them the Link now have no Link to give cefi, so perhaps link won't dump every time there's good news now

[Anonymous No.50233759]

>>50233411
A literal porn star and a literal kike
Kill them all

[Anonymous No.50233793]

>>50233618
It could go either way
People who lost all their link chasing jewfi yield may never invest again
Or they may realize that the underlying asset didnt change in value and will be desperate to buy at these prices

[Anonymous No.50233836]

>>50231907
Imagine giving your money to a Jew willingly HAHAHAHAHAH

[Anonymous No.50233883]

>>50233112

Because people started withdrawing like crazy and they had to do an emergency deposit of 400k LINK. That drained in 2 days, prompting them to deposit 1 million tokens, which continues to drain as they tooped it up daily for about a week with swarm deposits of 1-20 LINK from thousands of wallets which shows how desperate they were to find tokens.
Then they withdrew another 400k LINK from binance a few days ago and its been draining rapidly ever since.

They have never ever had to keep that wallet above 200k Link in years because people never withdrew much. Now as you can see on chart 1.7mm Link has already been withdrawn in less than a month

[Anonymous No.50233917]

>>50233553

Brainlet take. All the debts they have on Defi protocols and underwater positions with CEXs get auto liquidated whether they want to pay people back or not. They are wound up in leverage, including positions like that.

[Anonymous No.50233988]

>>50233793
These idiots dont deserve to make it anyway

[Anonymous No.50234110]

>>50233883
Post the full chart retard why waste our time explaining it in paragraph form when you only showed 1 month on the chart. Fucking tards I swear

[Anonymous No.50234164]

>>50234110

https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0xffec0067f5a79cff07527f63d83dd5462ccf8ba4#tokenAnalytics

Check yourself nigger. I explained it because nobody else has the fucking context and if i just sent the graph alone nobody would understand why it’s atypical you mouth breather.

The only time that wallet ever spiked in link balance before was for a day at a time 1-2 times before they promptly sent the tokens to Binance to dump.

[Anonymous No.50234210]

>>50233917
a dump of collateral doesnt result in a short squeeze anon, who's the smooth brain now
the defi protocol liquidating dumps the collateral this depresses whatever it is eht,btc? price but doesnt pump link in return

the only thing you got is less sell pressure

[Anonymous No.50234404]

>>50233349
every cycle since 2011
just dont pay your handyman with your wallet or you might get wrenched

[Anonymous No.50234448]

>>50233228
No. They were spending the money on hookers and blow. Just look at their employee list.
But that’s small potatoes. The real losses involved sending money to their friends and sockpuppet accounts to be “gambled” and systematically lost.

[Anonymous No.50234464]

>>50231907
>massive LINK debt right now
imagine thinking this matters compared to how much eth and btc debt...

[Anonymous No.50234536]

>>50232653
Sucks that the market price of tokens I hold will go down, but I take solace in the knowledge that the retards who did that by giving their crypto to jews for APY lost eveything.
Get fucked. You knew you are fucking everyone else over by giving your tokens to shorters and you still did it for $20 a day.

[Anonymous No.50234574]

>>50233883
>1.7mm Link
1 billion supply

[Anonymous No.50234590]

>>50234464
it matters more for illiquide tokens like link than liquid ones like btc and bnb. Give it a week or two until the last realized what this means and you see exchange holdings even plummet more. Alt season around the corner, for the next 2 years

[Anonymous No.50234599]

>>50234574
Nice, that means there's 1 billion in liquidity right?

[Anonymous No.50234652]

>>50234574
Youre misaing the point fucktard
Theyve burned through ALL of the deposited link exclusive of that
Link was one of their more common altcoin assets in a port of 12bn
Fuck cefi
Fuck kikes

[Anonymous No.50234654]

>>50231907
you know shit is bad when wall street hedge funds are even more retarded that me in 2014 when I was already filing this shit properly. this proves we are absolutely still early adopters because the /biz/tards are still less retarded the professional traders

[Anonymous No.50234713]

>>50234210

We’re talking about the price of LINK going up which they have in debt on Defi and cex. Try harder to follow you smooth brain

[Anonymous No.50235231]

>>50234654
wall street hedge funds are even more retarded that me in 2014 when I was already filing this shit properly
You're assuming the whole thing isn't by design and worked flawlessly

[Anonymous No.50235251]

>>50235231
woops forgot to greentext top line

[Anonymous No.50235323]

>>50233559
Underrated

[Anonymous No.50235611]

>>50231907
>>50231920
>Honey I heard about this new thing called crypto currency, its like holding your paper money in your own wallet but on the computer. Genius stuff! Now lets give it all to some random jew so he can keep it safe for us.
t. Norman Normiesson

(I will never understand these people)

[Anonymous No.50235650]

ok, just realized the firm suing celsius, keyfi, has a token sitting at $400k

https://twitter.com/CoinDesk/status/1545419600426303488

high risk high reward buy in case this story picks up steam

$keyfi
https://www.coingecko.com/en/coins/keyfi

[Anonymous No.50235673]

>>50235650
$400k *mc

[Anonymous No.50235942]

>>50235611
Hindsight is wonderful. A while back on this forum I was being called an idiot who hates free money for refusing to put my Link into these protocols. I decided I wasn't going to risk it with staking coming so soon. I'm not saying I'm some genius for doing that, but nevertheless, sometimes it's best to go with your gut. The Aave liquidations of the past were a clue as to how these things can go wrong, and wrong they went, right enough.

[Anonymous No.50236161]

>>50233559
I keked

[Anonymous No.50236243]

BTC pumps to $22k Celsius panic shorts Link. This is their final desperate move to try and suppress it and prevent short squeeze.

[Anonymous No.50236351]

>>50236243
what are the chances of a short squeeze happening now, do we think?

[Anonymous No.50236376]

>>50236351
amount of link on exchanges is now below 20%

[Anonymous No.50236470]

>>50236376
I'm retarded. Does that mean, good chance of a squeeze? 20% of what? God I'm retarded.

[Anonymous No.50236527]

>>50231920
Of course they didn't. Their experience was in porn, not in finance or IT

[Anonymous No.50236532]

>>50236470
could you please piss of to gme general again and sell yll your link now, thank you

[Anonymous No.50236558]

>>50234574
Are you retarded

[Anonymous No.50236562]

>>50236376
Lots of LINK available for borrowing on AAVE and other lending protocols tho.

[Anonymous No.50236581]

>>50236532
Are you angry because you got conned out of your Chainlink (ticker : LINK) tokens? Hardly my fault, geeza. Try being less greedy in future.

[Anonymous No.50236608]

>>50236562
would fit into the retarded risk management of celsius third party "trading desk". But really, why do I reply to a bot, consider yourself filtered

[Anonymous No.50236625]

when I read the term short squeez I know its either a retard that should consider suicide or a bot, or both

[Anonymous No.50236742]

>>50233318

[Anonymous No.50236950]

>>50236625

[Anonymous No.50236977]

[Anonymous No.50237288]

>>50232359
Insurance is a societally required pyramid scheme that usually puts people who are responsible for taking care of themselves and their things at the bottom as the losers and irresponsible people are at the top as the winners.

[Anonymous No.50237322]

>>50231907
Should I liquidate my $650 of stock at a $900 loss to move it into chainlink?
Hate selling at a loss but an extra 100ish linkies rn would be nice.

[Anonymous No.50237919]

The frustrating thing is being right doesn't actually change the outcome, there's not going to be a short squeeze because nobody is buying crypto right now. The only thing that's going to actually fix things for the long term is full staking, not the v0.1 version because not enough actually gets removed from the supply for that to fix this. Although the bear market will still be healthy for things in the long term.

[Anonymous No.50238034]

>>50232162
>Chainlink is going to end up on top of the heap because this whole defi mess has been like squirting coke into a woman's menthos laden asshole
my sides

[Anonymous No.50238355]

>>50236950
>>50236977

If seen this a couple of time the last days. Whats the origin of that?

[Anonymous No.50238361]

>>50231920
>uhhhh finance or something

[Anonymous No.50238433]

>>50231962

[Anonymous No.50238436]

>>50231920
>didnt even understand Defi and why they had large impermanent losses on assets
not surprised. picrel.

[Anonymous No.50238448]

>>50238361
I understand this reference. It quotes Jessica Khater, the porno actress, who was hired by Celsius to manage hundreds of millions of dollars when all she had was a meaningless title (she didn't even know what she was studying) from a literal who university.

[Anonymous No.50238469]

>>50232340
if you like pronstars as waifu material, go for it.

[Anonymous No.50238493]

>>50238448
>meaningless title (she didn't even know what she was studying) from a literal who university
highly sought-after bartender experiences.

[Anonymous No.50238525]

>>50232241
> Lend your crypto out to Centralized "DeFi" crypto platform
> They do degenerate bullshit and go insolvent
> Bank buys out your shit for pennies on the dollar
> no refunds

Fuck this clown world.

[Anonymous No.50238629]

>>50233559
topkek well played anon.

[Anonymous No.50238632]

>>50235942
>A while back on this forum I was being called an idiot who hates free money for refusing to put my Link into these protocols.
only by fucking shills
they have never quit

[Anonymous No.50238654]

Why the fuck does the link and/or greater crypto community let sergey off the hook? He was partnered and continually shilling all of these shit exchanges. Surely hes aware of how they made money. And no one calls him out

[Anonymous No.50238690]

>>50231907

[Anonymous No.50238730]

>>50238654
>He was partnered
LINK is partnered with anybody and everybody who wants to partner with them. That's like calling out cz or buterin for all the shitcoins.
And they didn't make him money. Are you a braincel or what?

[Anonymous No.50238754]

>>50238654
a lot of us want him to step down. he's not fit for this at all.

[Anonymous No.50238756]

What's especially fucked is there is no real silver lining here, just link's rise in price being delayed by years all so some jews could squeeze a few billion out of the market and get away with a slap on the wrist. If you ever lent out your linkies, go fuck yourself, you are part of the problem, and maybe this shit should be fudded on here 24/7 cause clearly some retards are too stupid to hold crypto.

[Anonymous No.50238794]

>>50237919
we need a white hat like sbf or cz to take noticw and counter trade them.

[Anonymous No.50238862]

>>50238756
Increased my stack by 20% from staking. Them dumping on link allowed my real world buys to have a low average over years and let my stack grow passively. Don't care about price, only amount of token. Keep seething faggot.

[Anonymous No.50238945]

>>50238794
>sbf
>white hat

[Anonymous No.50239037]

>>50238794
>sbf
>cz
>white hat
More like small hat

[Anonymous No.50239090]

>>50233262
Why? Wouldn't pumping link be a punishment if that's what they are trying to get?

[Anonymous No.50239157]

>>50233559
kek fucking saved

[Anonymous No.50239183]

>>50238730
Huh? Read that article…chainlink literally chose Celsius

[Anonymous No.50239189]

>>50238654
This, reminder he let them manage treasury, btw not a SINGLE FUCKING WORD about this on biz. He should apologize to everyone for enabling those scamming judens.

[Anonymous No.50239215]

>>50231924

[Anonymous No.50239239]

>>50238756
why do you want it to rise in price? were you wanting to sell? if so what was your sell price? if not, what difference does it make? genuine questions, i'd like to know. Simply because IDGAF what the price is as it'll happen when staking starts.

[Anonymous No.50239323]

>>50239183
>chainlink literally chose Celsius
Your article says the literal opposite in the first sentence.
Besides, as i said, no one cares and will blame sergey for something someone else did. Few actually blame vitalik for the shitcoins.
Sergey has one single job, make chainlink. Nothing else he does or did matters one iota compared to chainlink.

[Anonymous No.50239332]

>>50238756
This
Skelly fucked up scaling for years
Then this rat kike killed price for two more

We need one mass grave for every commie and kike
So the world can heal

[Anonymous No.50239369]

>>50232311
>>50238433
>>50238436
>>50238469
Why does Celsius hate Chainlink so much though?
It's almost like they have a personal vendetta against /ourcoin/
As though they hate 4chan for some reason and want to make sure none of us ever make it.

But I wonder why they hate 4chan, all we do is make wholesome memes, never anything personal.

[Anonymous No.50239666]

>>50239369
They dont have a hate but theyre just in the game to make money.
Chainlink was a good coin to short in hindsight. Loyal community, strong team but the token lacked real fundamentals objectively. This lead to a token that:
1. Wouldnt dissapear overnight due to an unproductive team
2. One that had a constant supply of liquidity
3. one without real buying pressure from entities with large amounts of capital (in order to remain solvent in business operations)

Theres no secret conspiracy or vendetta against anyone. Its just money.

[Anonymous No.50239699]

>>50239369
it is not personal, just like a spider seeing a juicy bug. they see a ton of liquidity and suckers to bleed dry.

[Anonymous No.50239700]

>>50239323
Holy shit read the rest of the paragraph. Jesus this board sucks now

[Anonymous No.50239761]

$lace is link 2.0 so i dont care either way anymore have fun flipping burgers and holding for 2 more decades

[Anonymous No.50239810]

>>50238756
how is it our fault as loyal holders for wanting to profit a little bit until staking goes live? Stop it with this false accusations, it's not enough that we can't withdraw our stacks? Jesus.

[Anonymous No.50239855]

>>50231907
>shirt squeeze

[Anonymous No.50239918]

>>50239666
The sad part about this is that it actually applies to almost (maybe even all) of the coins/tokens related to projects with any kind of real use case.
It’s really just dog coins at worst or governance tokens at best all the way down.

[Anonymous No.50239967]

>>50231907
nobody cares its over this was the last scam pump for the entire market at least until 6k

[Anonymous No.50239996]

>>50238493
kek wasn't she listed on some 30 under 30 Forbes list too?

[Anonymous No.50240021]

>>50232241
holy KEK

[Anonymous No.50240125]

>>50233559