Celsius Lost Potential $6Billion Bailout - Simon Dixon - video Dailymotion

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00:00welcome back to decentralized news uh just a quick update so there's some news that's just come out

00:07that celsius actually lost potentially on a six billion dollar bailout after refusing to show

00:17its financials so the company uh it's uh being reported that they kept its balance sheet

00:25private while paying down the defi um debts that they had so bank to the future ceo simon dixon

00:34if you've been following what's been going on in the space he's been doing some emergency streams

00:39uh sort of advising celsius to follow in voyages uh footsteps in declaring bankruptcy and making

00:48financials public but of course this is uh something that uh celsius has now just gone ahead in

00:56uh you know made public that they have filed for chapter 11 bankruptcy but uh celsius actually did

01:03pay a large portion of its debt to defi protocols such as maker ave and compound and so that they

01:11could get the collateral that they had posted for those loans uh so simon dixon who like i said is

01:18the ceo of uh a prominent celsius investor bank to the future said that he did secure up to six billion

01:27in investor liquidity to solve the liquidity crisis that celsius has been embroiled in only to watch that

01:35deal fall apart after celsius actually refused to show financial records to potential investors and uh

01:43he did this uh youtube uh interview where uh he actually did uh say that of course he couldn't um

01:53comment further on that based on all the things that were unraveling but he also advised celsius

02:01ceo alex mashinsky to be transparent about the company's financial situation and publicly actually

02:07outlined a recovery plan mashinsky declined to make celsius financial situation public said um

02:16dixon saying that you know the only reason that you wouldn't pursue a lucrative round of investment

02:23if there is something else doji probably going on so the cash strapped crypto lender celsius is

02:30actually slowly sort of worked to restore liquidity after pausing customer withdrawals back in june

02:37the firm has issued two statements and uh has obviously uh made this latest statement uh finally

02:45sort of uh you know uh disclosing that the fact that they will be filing for bankruptcy so i'm assuming

02:51that these financial records are going to at the end of the day start to come public as these

02:58proceedings start to take course let me know what you guys think if you are one of those people

03:03will caught up in the whole celsius drama waiting for your withdrawals to get unfrozen i'm hoping for

03:10the best for you anyway do check out the links in the description and don't forget to check out also

03:15the links to our telegram and our discord server i'll see you there like share subscribe turn on the

03:21notification bell i'll see you in the next peace

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Celsius Lost Potential $6Billion Bailout - Simon Dixon

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