Celsius: Ponzi-séma?

8. július 2022. / Unchained Daily / Laura Shin

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Daily Bits✍️✍️✍️

• AAVE javasolt a new decentralized and over-collateralized stablecoin.
• Decentral Bank, the protocol behind USN stablecoin, rögzített a bug that briefly led to the minting of 10 trillion USN.
• Reddit indított an NFT marketplace hosted on Polygon blockchain.
• The American Bankers Association is figyelmeztetés against a US central bank digital currency.
• Crema Finance’s attacker vissza $7.6 million to the protocol and kept $1.6 million as a bounty reward.
• Binance.US bérelt a new CFO ahead of IPO in the coming year.
• Aztec Network, a blockchain focused on privacy, indított DeFi bridge Aztec Connect.
• Iránytű bányászat csökkentett its staff by 15% and also made salary cuts.

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Ma a kriptográfiai elfogadásban…

• MakerDAO Elmúlt a governance proposal to create a 100 million DAI vault for Huntingdon Valley Bank.

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A $$$ sarok…

• Hidden Road, a company that provides financial services for digital assets, emelt $50 million led by Castle Island Ventures.
• Tenderize, a DeFi protocol, emelt 3 millió dollár egy finanszírozási körben.
• Konvoy Ventures, a VC focused on gaming, indított 150 millió dolláros alap.

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Mit mémelsz?

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Mi az a Poppin?

By Juan Aranovics

Thursday afternoon, the anonymous account 0x_b1 kiderült his identity and accused Celsius of some shocking practices. He said his name was Jason Stone, he had worked with Celsius, and he was suing the crypto lender.

His company, KeyFi, started providing services to Celsius in 2020. According to Stone, he was deploying DeFi strategies for Celsius, and was handed the private keys to the accounts that he managed for the crypto lender – all on a “handshake” deal. The funds that were managed by KeyFi were, in the end, customers’ deposits.

Celsius was supposed to be monitoring KeyFi’s strategies and hedging them against impermanent loss (when you provide assets in a liquidity pool and there’s a loss in the value of the assets).

However, in February 2021 Stone says he discovered that Celsius had been lying to him and that “the entire company’s portfolio had naked exposure to the market.” In light of this discovery, he says he decided to terminate his company’s relationship with Celsius.

After more than one year of disputes, Stone finally sued Celsius. In the per, he alleges that Celsius used customer’s BTC to pump the price of the CEL token and that Celsius failed to hedge against KeyFi’s trading strategies. He also said that Celsius did not perform basic accounting practices which resulted in a loss of $200 million that the company “did not even understand.”

In addition, he accused Celsius of being a Ponzi scheme. For example, Stone alleges that once it had a preponderance of customers wanting to withdraw their ETH, it began offering double-digit interest rates to attract new ones. He also says Celsius borrowed $1 billion from Tether at a 5% interest rate, but it offered its customers much more than that. Furthermore, the lawsuit describes how Celsius had massive liabilities to depositors denominated in ether but had not maintained ETH holdings equal to those liabilities.

Celsius was one of the many crypto platforms that had to freeze its customers’ funds. “The recent revelation that Celsius does not have the assets on hand to meet its withdrawal obligations shows that Defendants [Celsius] were, in fact, operating a Ponzi-scheme,” said the lawsuit.

The accusations came only hours after Celsius had visszafizetett its entire debt to Maker, and had started showing some positive signs towards its recovery.

As of press time, no one from Celsius has yet responded to the allegations made by Jason Stone.

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Ajánlott olvasmányok

1) Hasu on MakerDAO Governance:

2) Frederick Munawa and Sage Young on Block Builders and MEV:

3) Zee Prime Capital on improving community distribution:

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On The Pod…

Amir Haleem, a Nova Labs vezérigazgatója és a Helium alapítója a dolgok internete (IoT) használati eseteiről beszél, arról, hogy a blokklánc és a kriptográfia hogyan segíti a decentralizált internetes infrastruktúra felépítését, és mi a Hélium jövője. Fénypontok megjelenítése:

• mi az a hélium és mit próbál megoldani
• Hogyan segítette végre a Hélium növekedését, miután évekig küzdött a kripto tokenek bevezetésével
• kik a Hélium használói és miben különböznek egymástól
• hogyan nőtt a Hélium egymillió készülékké szerte a világon
• melyek az IoT-tér kihívásai és használati esetei
• miért döntött úgy a Helium új hálózatok hozzáadása mellett
• hogy a Helium miért dob ​​ki speciális tokeneket az egyes új hálózatokhoz
• mi a fedezet igazolása és miért hasznos
• mi az a nyílt forráskódú mobilhálózat, és hogyan működne
• szükség van-e a hálózat valamilyen központosítására
• mi a Hélium útiterve, és mik a főbb mérföldkövek a jövőben

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Könyvfrissítés

Itt vásárolhatod meg: http://bit.ly/cryptopians