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Would ETH be the next BTC?
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How about USDC coins plz?
Chief
Being used to pay off secured creditors as we speak.
Eh all your crypto was also down 95% anyway
Chief
Imagine actually thinking this
Rising Star
Handling it better than Celsius i guess
Chief
Our standards for CEFI lenders are rather low these days, so yeah I guess so. Celsius will be bankrupt next after they unwind all their defi loans.
What are the tax implications of this tho? And this is confirmation you wouldn’t be able to retrieve your full Bitcoin back if you had one right?
Chief
If they had the means to pay back your crypto in full, they wouldn't have frozen the platform. No chance you get it all back.
Not sure about taxes. May just need to wait and see how it shakes out. Your cost basis less the recovered amount (if any) can likely be a realized loss.
Chief
Lol that Deloitte person deleted their comment saying this was fake news after I posted the link. Sorry friend, hope you're okay.
https://twitter.com/Ehrls15/status/1544550255307493376?t=s746hK2E1xIGiBA5ACc2fQ&s=19
Deploying more capital - steady lads