/biz/ - Business & Finance

>>25145591
Celsius is shady. They hired a pornstar as their financial manager and have operations in the Caymans.

>>24973072
this is gonna be fun

>oracle partnerships
>50 partnerships
>russian partner celsius very shady hiring practices, jessica fiasco
>introduced with no wp, recruited nearest coworkers, dad is rich and lent him money
>zero technical accomplishments, philosophy major

>>24656016
because celsius looked very shady after it came out that she had no experience, porn aside

>>24164077
I don't have time to research for you faggot, just look at the archive on this site or the celsiusnetwork reddit (btw heavily censored). There are doeznes of users complaining about this shady stuff. Funds frozen, "DNS issues", TOS giving them the right to take your coins, their "assets" including fake CEL tokens that they mint themselves, etc.

If you want to lose your money put it in Celsius Network or the CEL token.

I'm hearing a lot of shady things going on at Celsius. They were recently hacked and tried to cover the tracks with a "DNS went down" excuse. Nobody is buying that of course.
Now they are under-leveraged and a small (10%) BTC correction can push them over the edge into full blown insolvency. Withdrawals are limited (most users need to wait 1 day for withdrawal, others are asked to prove their identity and address, others have the interest kept to "cover insurance" when they try to withdraw).
If you have money in Celsius you should consider getting it out while you still can. This reminds me of the days before Bitconnect blew up in 2017 which is the exact same business model as Celsius.

>>23856290
you should check some of the AMA's of Celsius. I got 75% of my ETH stack on there, feel safe enough. Cred basically took too much risks handing out undercollateralised loans to Chinese miners and suck. Celsius is profitable and has a large reserve in CEL, and they only borrow to tier 1 players with 200% collateral.

Not sure abut blockfi, bt there was this autistic af LINK holder in here a few weeks ago who though blockfi was safe enough, so it probably is. Split along blockfi & celsius and you sould be fine, but of course 100% guarantees do't exist.

ANyway you see that Cred was a shady anonymous team uncompetitive shitshow. Blockfi & Celsius both have been around with no issues in the march crash

>>23811400
technically the worst thing tat can happen is that they either go bankrupt or get hacked and can't give your funds back. But the odds of this are small.

I went from being extremely skeptical to having almost 75% of my ETH stack in there. I'll tell you some of what convinced me.

You should watch some of the AMA's on security, their security head has 15 years of experience in cybersecurity in the Israeli army. They passed many independent audits and use top tier encryption and mpc. Also, they don't loan to anyone, only tier 1 players and this is important in respect to f.e. Cred having problems because they lent to shady Chinese miners just dissappeared on them. Some metric of success for Celsius is that they ost 0 funds for depositors and also had 0 borrowers default in the march flash crash. At the moment Celius has I beleve ca. 600mil CEL outside of what users deposited, which can be used worst case to repay users if tehy lost some in a hack or something like that.

The Cel token: Mashinsky's flywheel theory seems to work wonders. Basically, all the users who earn in Cel get paid Cel that Celsius market buy themselves so because Celsius know they'll need to pay out an ever increasing amount every months they have a strong icetive to buy cheap when they can and they buy basically every dip (hence the undumpable pump of the last few months). Also, borrowers get discount when repayin in CEL so these also have incenive to keep buyig. Importat as well: CEL has actual limited supply and no minting in it's smart contract.

A side note: of course the safest is havig crypto in your cold storage, nothing beats that. Anything that is not that: there's always risk. Exchanges can get hacked, defi smart contracts can break or get hurt in crashed too. I used to have most of my ETH in AAVE, and actually I think Celsius is safer.

>>22054388
lmao
>muh link
x100 gains over three years compared to fortunes being built in the stock market. And that's with paid shills, paid promotions, shady dumps, sketchy celsius deals and all the meme power 4chan gulliblely mustered

Celsius will exit scam or get hacked or go bankrupt. You read it here first. Shady as fucking fuck. Just because you mongs gobbled his #financebanksters #1percent shite up like its cum dribbling from Jessia Khaters 20 year old vagina doesn#t mean it#s a promising project. It's like SALT. It't shit. Their business model is literally 'give us your crypto and we give you dollars and let's both hope we don#t call you to collateralize teehee'

Crypto.com, nexo.io, Celsius network, blockfi. They all seem equally shady

K so I would strongly suggest to get your money out of Celsius (or any custodial ponzi as crypto.com, blockfi etc. in year 2020 age of noncustodail and defi ) but ce celsius today and sell if for any reason you have any of this shitcoins.
Not insider but some anons i know irl working close to celsius reported to me insane shady shit going on

GL

Crypto.com has some shady chink stuff going on, I also dislike nexo, blockfi and celsius are way more trustworthy and have good rates.

You earn free $10 on celsius if you use my ref code (196792f8b9) and deposit $200, and the same in blockfi (b883327b) but with a deposit of $100.

>>18202014
You are retarded. I agree that there are incels seething that would do the same if they had the chance but you conveniently ignore the people calling out these practices for MONTHS. /biz/ found out about this in 2019 but nobody gave a shit because nobody cared about celsius. Now that they are involved in LINK do you think the autists here will let it slide? Some of us here have been calling shady business practices for ages you whiteknighting fag. I don't like how they are reacting but this time I am on the same side with these incels and will call out shit like this. Fuck you and fuck all the employers hiring based on looks and gender. Go prep a bull or something. Pussy

>literal prostitute, has sex with stranger for money, dont call it pornstar
>pointing out that she's a whore isn't slut shaming, it shows she has bad work ethics, willing to take disreputable shortcuts, got easily manipulated and fooled by the gdp guys, and has terrible budgeting and relationship with value and money, that she'd be willing to humiliate herself for a couple thousand bucks instead of living frugaly as a student and getting a regular job
>in the interview, doesn't even know what the fuck she's studying, meaning she's not only a whore she's also an airhead idiot
>also blatantly admits she's a liar, would hide this porn to eventual future boyfriends
>already had fucked 10 guys by 20
>99% chance she climbed the corporate ladder by sucking dick
>even if she wasn't a airhead, untrustworthy whore who doesn't deserve her position, there's also the issue of her being too young and inexperienced for such a position
>the Chainlink deal is 'you use our oracles, we put our treasury in your shady platform' which has no audits and nobody knows where the fuck the money is going
>why would a centralized service need decentralized oracles? It doesn't, it's just a deal that was made to get more money in their hands, ie its a win for Celsius but makes chainlink look like desperate fools willing to put their treasury at risk just to nab one pointless customer, even without the whore shit which shows they haven't even done any due diligence despite gambling with their treasury, it's utterly embarrassing
>2 minutes research also shows Celsius made the exact same deal with litecoin, made it their platform wallet in exchange for the litecoin foundation putting their treasury in Celsius' hands, everything about this type of deal screams scam because the only way they can get customers is by promising them they'll use/promote their tools in some (falsely) reciprocal manner rather than based on the merits and legitimacy of their service
>lies about multiple fake partnerships

>>18199838
>>18199838
Because Sergey is leaving hundreds of millions of dollars worth of BTC and ETH belonging to Chainlink for a fucking prostitute to manage, by leaving it in Celsius shitty, shady, and non transparent lending platform.
This is straight up irresponsible, endorses Celsius, ruins Chainlink's image, and also smells of money laundering. Can become quite the trouble down the line.

>literal prostitute, has sex with stranger for money, dont call it pornstar
>pointing out that she's a whore isn't slut shaming, it shows she has bad work ethics, willing to take disreputable shortcuts, got easily manipulated and fooled by the gdp guys, and has terrible budgeting and relationship with value and money, that she'd be willing to humiliate herself for a couple thousand bucks instead of living frugaly as a student and getting a regular job
>in the interview, doesn't even know what the fuck she's studying, meaning she's not only a whore she's also an airhead idiot
>also blatantly admits she's a liar, would hide this porn to eventual future boyfriends
>already had fucked 10 guys at 20
>99% chance she climbed the corporate ladder by sucking dick
>even if she wasn't a airhead, lying whore who doesn't deserve her position, there's also the issue of her being too young and inexperienced for such a position
>the Chainlink deal is 'you use our oracles, we put our treasury in your shady platform' which has no audits and nobody knows where the fuck the money is going
>why would a centralized service need decentralized oracles? It doesn't, it's just a deal that was made to get more money on their hands, ie its a win for Celsius but it makes chainlink look like desperate fools willing to put their treasury at risk just to nab one pointless customer, even without the whore shit which shows they haven't even done any due diligence despite gambling with their treasury, it's utterly embarrassing
>2 minutes research also shows Celsius made the exact same deal with litecoin, made it their platform wallet in exchange for the litecoin foundation putting their treasury in Celsius' hands, everything about this type of deal screams scam because the only way they can get customers is by promising them they'll use/promote their tools in some (falsely) reciprocal manner rather than based on the merits and legitimacy of their service
>lies about multiple fake partnerships

>literal prostitute, has sex with stranger for money, dont call it pornstar
>pointing out that she's a whore isn't slut shaming, it shows she has bad work ethics, willing to take disreputable shortcuts, got easily manipulated and fooled by the gdp guys, and has terrible budgeting and relationship with value and money, that she'd be willing to humiliate herself for a couple thousand bucks instead of living frugaly as a student and getting a regular job
>in the interview, doesn't even know what the fuck she's studying, meaning she's not only a whore she's also an airhead idiot
>also blatantly admits she's a liar, would hide this porn to eventual future boyfriends
>already had fucked 10 guys at 20
>99% chance she climbed the corporate ladder by sucking dick
>even if she wasn't a airhead, lying whore who doesn't deserve her position, there's also the issue of her being too young and inexperienced for such a position
>the Chainlink deal is 'you use our oracles, we put our treasury in your shady platform' which has no audits and nobody knows where the fuck the money is going
>why would a centralized service need decentralized oracles? It doesn't, it's just a deal that was made to get more money on their hands, ie its a win for Celsius but it makes chainlink look like desperate fools willing to put their treasury at risk just to nab one pointless customer, even without the whore shit which shows they haven't even done any due diligence despite gambling with their treasury, it's utterly embarrassing
>2 minutes research also shows Celsius made the exact same deal with litecoin, made it their platform wallet in exchange for the litecoin foundation putting their treasury in Celsius' hands, everything about this type of deal screams scam because the only way they can get customers is by promising them they'll use/promote their tools in some (falsely) reciprocal manner rather than based on the merits and legitimacy of their service

>literal prostitute, has sex with stranger for money, dont call it pornstar
>pointing out that she's a whore isn't slut shaming, it shows she has bad work ethics, willing to take disreputable shortcuts, got easily manipulated and fooled by the gdp guys, and has terrible budgeting and relationship with value and money, that she'd be willing to humiliate herself for a couple thousand bucks instead of living frugaly as a student and getting a regular job
>in the interview, doesn't even know what the fuck she's studying, meaning she's not only a whore she's also an airhead idiot
>also blatantly admits she's a liar, would hide this porn to eventual future boyfriends
>already had fucked 10 guys at 20
>99% chance she climbed the corporate ladder by sucking dick
>even if she wasn't a airhead, lying whore who doesn't deserve her position, there's also the issue of her being too young and inexperienced for such a position
>the Chainlink deal is 'you use our oracles, we put our treasury in your shady platform' which has no audits and nobody knows where the fuck the money is going
>why would a centralized service need decentralized oracles? It doesn't, it's just a deal that was made to get more money on their hands, ie its a win for Celsius but it makes chainlink look like desperate fools willing to put their treasury at risk just to nab one pointless customer, even without the whore shit which shows they haven't even done any due diligence despite gambling with their treasury, it's utterly embarrassing
>2 minutes research also shows Celsius made the exact same deal with litecoin, made it their platform wallet in exchange for the litecoin foundation putting their treasury in Celsius' hands, everything about this type of deal screams scam because the only way they can get customers is by promising them they'll use/promote their tools in some (falsely) reciprocal manner rather than based on the merits and legitimacy of their service
This is the worst fud since silver oracle

>>18179324
UPDATE (Oct. 24, 20:00 UTC): While Celsius CEO Alex Mashinsky initially said his firm was working with Polychain and Binance, both companies denied this after publication, and passages mentioning them have been removed.

https://www.coindesk.com/how-celsius-turned-its-crypto-ico-into-a-billion-dollar-lending-business

whole thing is shady as shit, massive red flag