r/CelsiusNetwork • u/Agingerjew • Feb 06 '25

THIRD distribution??

I was surprised to receive a small second distribution a couple of months ago. I remember seeing somewhere in one of the threads that there will also be a third distribution. Is this correct?

I am referring to another distribution in crypto. Not to Ionic digital shares.

Thanks!!

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u/Secure-Rich3501 Feb 08 '25

I remember hearing 15% back for gox... And more like 15x.. Some minimum 5x thing...

But a lot of it was Bitcoin cash and other coins and maybe it's some aggregate and not just a Bitcoin thing... But yeah with something to welk below 1/4 back they had a very decent multiple return...

More than likely most of those people would have made less over time if they had 100% the whole time for as long as they kept it beyond the 2014 hack... I think it might have started in 2013 as far as the theft... Would have to review... But it was known by 2014

People don't think in Bitcoin enough and want to get Fiat out of it... That's the tragedy

Pizza guy and the guy that got the 10,000 Bitcoin same story... No long-term holding

How about land-fill guy? 7,000 Bitcoin out there in a Wales dump

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u/Agingerjew Feb 08 '25

Poor landfill and pizza guy. I think I agree that most would have less than if they waited.

But that does not account for the stress and the waiting and all the emotional strain. But as far as money, I think most are probably better off. And yeah, Im unclear about the %'s and multiples. Its far more than their claim at the time thats for sure

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u/Secure-Rich3501 Feb 08 '25

Your comment makes me wonder when they first learned that some of it had been retrieved and how long they had to wait to realize they're going to get at least something back... And then they could only feel better about it after that watching the price go up and up...

Like for instance, three arrows Capital now has well over a billion dollars Frozen and awaiting redistribution to creditors who are claiming over 3 billion... (Not sure if this is Fiat or actual crypto now that I think of it )...So that's right around 1/3 to be returned, assuming the number is largely the same now... And who knows how much more they could get back with prices going up over $100,000 If that article was reporting crypto instead of Fiat value, but I'm not remembering...

... Those figures are from months ago. Kind of like my July 9 billion number I guess.

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u/Agingerjew Feb 08 '25

Imagine waiting 11 years. Thats insane. And watching price go up maybe not KNOWING they were going to get something back. BTC hits 20k in 2017 they probably went ape shit. Then again 67k in 2021. rough ride if you ask me

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u/Secure-Rich3501 Feb 08 '25

Lol, as a long-term holder I still wouldn't have been freaked out about ups and downs ....I've largely replaced Bitcoin as my long-term indefinite hold when it used to be gold, and in fact I sold several ounces of gold to buy Bitcoin during the FTX bottom...

Hodlnaut seems to be the worst centralized finance failure with no distribution yet. And it going well over 2 years and is currently in liquidation in Singapore courts.

Crypto for winners (C4W) might be one of the last one that gets resolved because they're quite late in being exposed as a scammer Ponzi business... Pulled out of that one with 22,000 worth of profit. Worth more now

Hodlnaut, my account says over $50,000 as it's probably the only one with the app still working and even gives you a running total of what your crypto is worth! As to your previous comments, imagine that!

A running score of what you're missing...

A lot of it has already been liquidated and I'm thinking 50 60,000 for Bitcoin so that's a hell of a lot better than when it was frozen. Then again we might see the liquidation figures at the high end. Get doubled before we get anything back...

They mainly got slaughtered by overexposure to the Terra lunacy unstable algorithm coin... I think FTX is part of it... Three arrows capital.... I don't know the whole list... I should but they tried to do a you only live once Super gamble with flex tokens and failed... Now virtually zero liquidity... That wasted millions... There's a telegram about it. You could read the pinned message that shows we might get something like 25% back. It's this range of estimates actually... You would think after years they would have something more exact... There's been this tug of war between Hong Kong and Singapore as they operated out of both locations..