 Hello everybody. Welcome to the Saturday livestream. So we've taken a couple days off a lot of things that are going on in the background But today we had to come back for a very simple reason because we wanted to let the healing begin as Celsius rolls out the ability to finally take our crypto off the platform and instead of just You know talking about it and taking a look at different articles and things that were done. We're done. I use my own personal Experience with what it's what we went through and I recorded everything And I'm gonna show you exactly how this is done how to do this the correct way How to avoid being scammed and more importantly as we roll this out how to put into a cold storage device Which is something that we should have done the very first time instead of getting screwed over by Celsius Voyager FTX Block 5 take your pick. They're all the same So we'll take a look at that video and also we'll have a special guest on a little bit later And we'll talk about what else is coming down the pipe. So without further ado, let's take a look at that video so first thing is first you're gonna get an email and Right now I am in the United States. I'm in Puerto Rico and You're gonna get an email something like this It's gonna say from Stretto Celsius Network. The thing about this you have to remember is this There's gonna be a lot of scams a lot of phishing attacks and all those things So when we're when we're doing this the thing you want to do is you want to click on the from For the email when you click on the from it's gonna tell you exactly where it came from Which is the whole point right? So this one is actually from stretto dash services comm which is the official Website also a big thing to queue in and on is if there is a link to say Download your crypto here on this special magical app That's BS and it doesn't take you anywhere except to pain town So don't do that because this is what it's supposed to be it's supposed to be from Stretto And what you're gonna notice is that as you as you zoom in here You're gonna see this is first of all I got two one was a theory and one was Bitcoin, right? And I've above here is my claim number So what you're gonna do is you're going to highlight that and copy it and then you're gonna go over to Venmo now I have to make this crystal clear You can do this if the option is on PayPal or on Venmo. Why did Rob do Venmo? Very simple Rob did Venmo I did Venmo Because on my PayPal account it is a business account. You cannot do this on a business account What I would have to have done was create a separate PayPal account Which they would have let me do and made a personal PayPal account. I didn't want to go through that process I was like, you know what I'll just go through Venmo and do the same thing But it is the exact same same thing when you when you do all this stuff It's gonna be there's gonna be a link to say I'll show you exactly how this works So I'm using Venmo in this example Just know the reason why was because I didn't want to open up a personal PayPal account It's when he's my personal Venmo. So that makes sense So when you go to Venmo, you're gonna see on the bottom right hand corner It's the same thing with PayPal There's gonna be a link for crypto right and when you and if you first go into Venmo You're gonna be on the home screen. It's gonna be all your contacts I didn't want to show you guys that because there's no point So just know that the bottom right hand corner You're gonna click on that crypto tab there and then it's gonna open up and there's gonna be this nice big fat Disclaimer or border or or advertisement or what do you want to call it's gonna say Venmo in Celsius Do you have a Celsius claim code? You can redeem in here You're gonna click on redeem the claim code and then of course the one that we just copied We're gonna paste that right in there, right? So paste bam and there it is then you're gonna put your date of birth Which I'm not gonna show everybody my date of birth was the point and they're gonna click on redeem Celsius account now. It's your verified next Next code is verified. Let's go and then from here. It's gonna say, okay Here's your terms and conditions. Yes, I accept and you're gonna read through all these things, right as we should have done with Celsius Well, we didn't and then of course you're going to agree and contend you now Again same thing. It's gonna ask me for my date of birth. Yeah, I was born January 1st, 2005 so just so everybody knows now I am What? Nine years old. Yeah So you're gonna do all that put the information in your address and everything else and then you're gonna confirm it Your corn is verified now. Let's confirm your identity. All right. So just so everybody knows that this is for everybody This is part of the KYC AML process. I know some people say this is ridiculous Why do I have to go through all this stuff? Look, we've all done this for the exchanges Don't say don't think like we haven't unless there's some crazy shady changes Exchanges out there. So this is the hoops. You got to jump through to want to get your money back kind of sucks That's what it is. And it's gonna ask you for a driver's license passport blah, blah, blah, blah, blah, right? so I picked my driver's license and It's gonna say scan the front of your car. There's my dog right there and you're gonna scan the front of your License, this is not me. This is a McLovin from a classic movie back in the day And then it's gonna ask you to scan the back of your card Whether that be the passport or whatever else you're gonna do those two things And then after that after it's verified that piece now wants to see your face So I got to stick my big enormous head in this oval here And it's going to verify it right a lot of steps to go through But hey, I'm okay if I get all this stuff back and it says great. We got your claim info great So that part was just for the ethereum now There's also going to be a bitcoin part, right? The bitcoin is a separate email and again We we double checked with the email address, but again same thing We're going to copy this code right here and of course for the people at home We're like, oh, I'm just gonna write this code down and then and copy it and try to do it Sorry charlie. I've already claimed this so good luck And we come back here to venmo And we do the same thing right redeem the code Stick the claim code in there again. It could be venmo or PayPal. It's pretty much the same stuff We're gonna put a date of birth in and then press okay Go through the whole stuff now After all that is done This is the great part right the great part is this You can let the healing begin Because you've got Your bitcoin And your sweet ethereum And it's coming back and there it is In all its glory Almost $5,000. It's pretty good Of bitcoin and ethereum now this isn't of course what I should have gotten If I just would have withdrawn it fast enough, but hey lesson learned right? And we gotta do so I have it here stuck in my Venmo or PayPal now the thing is this how do I get this out of here because We got to learn from the mistakes, right? So we're gonna click on that bottom right hand corner. There's a little Left and right arrow right there on the right arrow. You're gonna click on that And this is how you take things out because you don't want to sell it You don't want to sell it here On venmo on PayPal the fees are kind of ridiculous, right? And it's some I want to send this someplace. So I'm going to click on send not receive obviously This is where I'm going to go to coinbase now before we rip into this There's a reason why I picked coinbase to show everybody And the reason was it's because there's a way that that things should be And the way there's ways that things are gonna be And the way that things are should be is that we should all use a cold storage device, right? We shouldn't trust these people anymore. We all learned our lesson However, there's gonna be some people that just you guys didn't some didn't do it right there. They watched this this video And uh, they're still gonna trust their centralized exchanges. So I can't leave you guys behind So I'm going to show you how this is done and then I'm going to show you how to put it into a cold storage device Like you should have done So again, there's a reason Why we don't trust that these guys and centralized exchanges and as a reason Why put these rules up and they've been stuck there for the last year and plus It's all gone. Don't invest morning before to lose everything to scam and tell people otherwise Don't leave any exchanges. Don't use leverage to take profits along the way very simple, right? Save you a lot of heartache And of course, if you're not like, well, what should I do as far as cold storage? I personally use a tangem. I use tangem. I use ledger and use ellipel. I gotta do an updated ellipel video But if you use the debit card or credit card, you can use a tangem. It's brain dead easy And uh, there's like thousands of different digital assets on there. I find it the easiest one to use Just pick something One of you guys can hear that Well, flying helicopter fantastic And now yeah, that's what I do Also, there's a link in the description where you can get 10 off of my code two or two or three cards Looks very well. Anyhow So and also I did a video on this so it makes it easy anyhow so we are Now in my coinbase account, right and I want to receive I want to receive this bitcoin from somebody And that would be from my venmo account so I'm gonna receive it I'm gonna click on receive I'm gonna copy this bitcoin address and if you want to copy that address right now and send me some bitcoin Go right ahead. I have no problem. There's a big difference between a public key and a private key That's a public key Fanta share it with all your friends I have no shame. I will take all bitcoin that sent me anyhow. We're gonna copy that And we're gonna go back to our venmo account again We've already clicked on it. It was waiting for an address. This is the address. We stick that in there It's what we're gonna send it And we're gonna send maximum. Why not right send the maximum We're gonna send it to coinbase and then we're gonna send it to our cold storage device Just so I can show everybody This is the crazy thing though. I didn't understand this but uh, look at this. It takes two hours for the delivery of bitcoin now usually Blocks are produced every 10 minutes. So I don't know what's going on with venmo or PayPal But apparently it says it takes two hours Let's say Typically enough blockchain confirmations happen within this time all transfers can be affected by network conditions Maybe delayed I guess it's just a safety bubble and whatever So sure So you're gonna do that and we're gonna plus yes And great you sent your bitcoin check the progress. All right Now We've got to deal with this ethereum, right? Because we have the ethereum and here's what I want to show you ethereum I'm gonna show you the other way I'm gonna show you how to put this in a cold storage device. So again, same thing We want to get our transfer buttons right there in the bottom right We're gonna send it We're gonna go to tangem We're gonna open that up with my face We're gonna receive And we're gonna copy this code Copy bing bing boom And then from there go back to venmo. We're gonna stick that in there. We're gonna paste it That's the right one And what do we want maximum? Maximum eth review transfer And then again, this one says it's only 15 minutes. That's pretty good. All right, so I'm sending out my ethereum And it's going to my cold storage wall where it should be great. Everybody's happy now What am I gonna do with that bitcoin am I gonna leave it on coinbase? No, I just showed you for all those people who don't have a cold storage wallet Which I know you're out there. Don't lie. It's okay. I did that for you so you know But you got to take it off the exchanges So let's just do that real quick. All right, so let's get into my tangem wallet And let's receive some bitcoin. Let's copy that code Let's go to coinbase Let's send it And uh, let's paste that in there right continue And this right here I put this in as a reminder always double check. I didn't do that in the first one And uh, I just want to make sure everybody knows this always double check the addresses that you're sending to it'll save a lot of heartache So we're gonna double check that one more time. Just make sure five to five Okay, come back over here. It looks good Now we're gonna send the maximum I've been buying a lot of bitcoin as you may have as you may see right now. It's about 10 grand That wasn't what I got from Celsius. That was just Recent lump sum that I've done because last week we talked about this. I said very specifically in last week's video on sunday I think this is a good time to lump sum There may be some price appreciation to probably do this before The having I can't tell you what to do. I'm not sure if I'm not your dad or your financial advisor This is what I'm doing. This is what I did so Every week I you know, I dollar cost average and every week I send things out I don't do it every day Because for some reason thanks to you ordinals I say, uh, high cost to transfer bitcoin So I waited and of course now I got some from Celsius and I got some other stuff And I'm gonna transfer some stuff over Click on send now Not that's only five bucks. It's pretty good And now it's gonna ask me for my two factor authentication again It doesn't matter how much you make it's how much you keep make sure you have this on Google authenticator is very simple. You download it from the store. I think I put a link in the description. I'll double check Then you scan whatever the app is that you're using and Then you use the code the codes are reset every 45 seconds correct me the comment section you enter that specific code and then it Authenticates you so for me in this situation whatever that code was then off it goes And then bam, I sent All the bitcoin that was in the exchange Now it's on safe and sound on cold storage Which would be tangent That's it step by step So I hope everybody appreciates That video so uh now before our let me see something Now we'll do a little q&a and we'll go from there. Let me make sure that's I Did this right? I don't know. Maybe we got the Time's run. Let's do a little q&a and go from there Um, there's one more thing I'd like to to mention here which is if we're taking a look at The different parts of uh of this Celsius dispersal There is a distribution calculator or calculation and you can find that on simon dixon's x account I linked that in the description also if you're having any questions that like well, what do I get here? What do I get there? What is this? What is that? You can click over here for simon dixon and go that route And uh, that'll help you kind of figure out what you're supposed to get and gone from there and uh, that's it so Let's see let's now Answer a little q&a and then wait for the guest to come by Let's see louise says tangent is your cold water. It's one of them. I have three I have uh, like I said, tangent mellipal and ledger If we're going to diversify into crypto amounts will diversify into cold storage devices, right? um Thanks, diron darin Meme says one thing Puerto Rico does is you can have a virtual license registration your phone. Yeah, sounds good Jonathan says you don't do any of that k k y c b s with PayPal. All right, then the that's great to know but I mean whatever it is There was a question though somebody said Anyone asked about how to receive cardano. I don't think the it's In the cards. I think right now it's bitcoin ethereum Now gil says Guys make sure your PayPal has that ability to send to a wallet and not just to another person I cannot send to a wallet for whatever reason that doesn't make any sense unless it's PayPal account to PayPal account, but there should be a way to take things off if not Hey, great Then don't use PayPal. Just go through venmo I mean if you want to get stuck on PayPal you can but it sounds like it might be I'm in the comment section. I'm not a hundred percent sure in that one because I didn't use PayPal Okay Kday says rod, let me tell you why I feel safe having my crypto and coinbase It's the only publicly traded crypto exchange and I pay for coinbase 30 bucks a month For up to a million dollar insurance on my crypto Okay Have fun Doug says I'm still waiting for that email. Oh, yeah, these things are being rolled out I guess in in droves Front of mind. Diego said the same thing like his girlfriend got it, but he didn't get it yet. So it's just Going to happen as time goes on and Here's a question from johnny says hey rob. I've been trying to find out if anyone has a problem with salana On the tangent mall for some reason it's saying salan is unreachable. Did you hear about this? This happened last week when salana went down. I just checked my tangent mall before we came on and all my salon is there and and uh, yeah, it seems like it's uh rectified if you haven't a problem with tangent also any app the same thing just kind of do an upload or do a an update But I don't know if anybody else has it but I seem to have I'm I'm so far so good. I can see my my salana Cow with a K What about the alzans Celsius? Let's ask the special guest when they come in. I'll start that Thai boy says Has Celsius started paying out crypto for non-us members? Apparently they are just kind of rolling this out to Let me show this down To us first and they're going to roll it out to non-us members. Don't know why no idea Can you show the current arrest level from ben site? Um, I could Let's take a look here Let's take a look. Don't tell ben. I showed you this just audio is good Hold on Little lag here. I'll get it so card Donzo Which I hold myself Here's the risk levels So right now Oh, probably should find one to look at this. Sorry kind of list levels So we can see here and again, this is just all based on historical performance, right as Cardano goes up or kind of goes down those risk levels. Uh, they will fluctuate a little bit, but As far as we know since Cardano has been around since 2017 If I remember correctly We think all the data from then to now We can see that the risk levels 0.0 risk, of course, is like there's no risk if it goes to like 9 cents you should probably pick some up I can't say that's financial advice. That's Actually, I can't say that. Yeah, uh, it might it might work out in your favor. That's at 9 cents. Maybe who knows and then uh Right now Right now it's at 0.54 level. Let me bring this over here. Yeah, this is what I want to see 4.8. Yeah. Yeah. Yeah. Look at this one in the middle. This will make a little more sense So Okay, so right now the risk level is 0.54 no problem and uh We're right in the center essentially at 44 or 45 cents. I'm around there So what we're looking at is if you wanted to adjust for risk I always take a look at like risk levels on the right Looking around 7 0.75 at $1.50 Maybe I might start thinking about taking some profits and going. You know what? It's pretty good. Now. What was the all-time high? $3 297 somewhere around there. All right but Cardona has been pretty much sideways for so long that For us to get back to $3 Is essentially at 0.9 risk because it's been there for so long Not exactly at 50. I know people are shouting at the screen. It hasn't been at 50 cents or 45 cents forever Yeah, but it's been pretty low for quite some time. Let's just say let's just call a spade a spade So with this stuff you're like, man I would probably start taking some profits around 75 Right And then maybe around eight At under two bucks and then maybe at nine. So hope I answer your question And Now We're gonna bring on the special guest He who is the genius at finance but horrible at technology Simon Dixon Yeah I got like the the million bucks studio that always makes me default back to a Web cam and rock. I am I'm not horrible at technology. It's like the curse of digital asset news That's only what happens with you. Oh, see that's that's what it must be. That's what it must be. I don't blame you man He everybody's got it. Hey, hey, if you want to say it's a scapegoat. That's fine. I'm just happier here, buddy Yeah, you look at my live show. It's all perfect every week and then I come on digital asset news and it all goes downhill That's because everything that's everything that's hard is worth it So Well, so what so I'll just catch you have to speak what we did is we went over a video and I showed everybody because Like you said in your tweet It looks like America is being given preference for the celsius creditors So it rolled out the PayPal and venmo. I showed everybody how it works with venmo And how to like take it out make sure it's not a scam how to Take it to coinbase if you wanted to and then also how to do it into a cold wallet, which is what I recommend Nowadays obviously, right? but And I show them Because we're talking about distributions So there was there was a couple questions for you already But I showed everybody this the distribution calculation so like Yeah, so like just real quick tell people like what Just do like a quick breakdown like what did we get because when I did it was like 5000 bucks Wasn't that much because I mean I had over six figures on there but uh, I mean I also had someone custody like a bone head and some loans and see I was all over the place but Uh That's good. So if you if you had funds in custody you got the highest recovery Yeah, but it wasn't like I know it wasn't a hundred because I was like, where's the other you know so many tens of thousands of dollars, but I mean It was one of those things where like I was telling people at some point I'm like, hey, there's something going on someone put his name is custody like idiot. Yeah Anyhow, that's gone. So simon Give us a quick breakdown if you would Yeah, okay. Um, so finally finally finally finally Um, we've been given everything we need to do our own calculations which took a year and a half to get there Um, but essentially this is the first distribution um, and the first distribution Should be about 56 percent of your dollar claim Um, but about 26 crypto to crypto. So in a nutshell, if you had a bitcoin You're gonna have 0.26 bitcoin but Yeah, split into ethereum and bitcoin and so Yeah, and so you'll get two distributions. So if you are on paypal You should get two codes one to claim your bitcoin and one to claim your ETH That would go in line with what cat was asking me What about the alts on cels because it sounds like they all kind of got rolled into bitcoin or ethereum and that was it Right. Yeah, so the first thing to mentally get your head around is You don't have the coins you used to have you don't you have all you have as soon as it went into bankruptcy All of the coins became Celsius's property. Yeah, and you have a dollar claim You have an entitlement to a dollar claim And that's it. How was that dollar claim calculated? Will it took the price of whatever crypto you had on the 13th of july 2023? Was it to no 2022? yeah And multiplied it so bitcoin was 19,800 at the time So if you have one bitcoin you have entitlement and 19,800 dollars Then if you had 15 different coins, you just need to go through all the different coins at that price on that date And it would tell you how much dollars you're entitlement out of this bankruptcy Um, so that's the first thing now, you know, how many dollars you're entitled to Now you may the complication with Celsius is you may have had loans that would change your position Right, you may have just been receiving interest in which case you've got a simple calculation Or like rob you may have had some where it was custody Which means that you weren't receiving interest on that amount of money That's right That was seen to be property of the investor So you kept title to it, but Mijinsky lost a chunk of it Okay With earn it became property of Celsius and you received a dollar claim instead So in the case of custody if you had a bitcoin You'll have about you know 72.5 percent of that bitcoin Um, and you get it back in bitcoin if you're in earn Which is the vast majority of people so custody was and it only affects us as well custody custody wasn't available to non us Um, it was created because regulator said it's illegal for you to offer this service And so Celsius just said, okay We'll stop paying you interest and we'll call it custody Um, and then they updated the terms and conditions while they figured out what they're going to do and then they filed for bankruptcy in that time Oh Yeah, so uh, basically you uh You're meant to get about 56 percent of that dollar value in this distribution So let's say you had a bitcoin. Yeah, you're not what 19,800 dollar claim And if you multiply that by about 56 percent point five six Yeah, you end up with how much um, how much you should be receiving in dollars 10 k 11 k somewhere on there 10 k then They take uh the price of bitcoin on the 16th Of is it February? Where are we? We're january. I'll be 16th of january Yeah, 2024 Which was the plan effective date? So they had to get a date where they just lock in the price of bitcoin And that was at about 42,300 or so So based upon that $10,000 claim they're gonna say If you if we paid you all in bitcoin Um, you know, you're gonna get a quarter of that you'll get a quarter of a bitcoin basically because you're gonna get You've now got a $10,000 claim on a $42,000 bitcoin. Yeah Um from there They said chop it in half because we're gonna give you half bitcoin and half eith Ah, yeah, yeah, so five and five Yeah, yeah That diagram is meant to walk you through the calculations Of how to get what you should have Gotcha Now there's a bunch of exceptions along the way that people are experiencing one is Let's say you had a loan Um, then what they would have done is they would have um taken your collateral Multiplied it by the price when they filed for bankruptcy Um, and then they would have deducted how much you had left outstanding on your loan From that principle And then that becomes an earned claim which is subject to the same maths so ultra ultra complicated, unfortunately Um I mean you I mean that was that was a pretty great explanation. Honestly Simon, so okay If I can understand it then everybody can understand it Yeah Hey, um, what if there was a few other exceptions, um, okay Let's hear if you have Uh a claim worth $5,000 or less Then you're just going to receive 70 percent of your dollar claim Um, so if you had like, you know less than $5,000 of bitcoin Then you're going to get 70 percent of the dollar claim and then you work through the same maths Here's the price of bitcoin on that date. Here's the price of ETH And so I get point naught for ETH or bitcoin or whatever it is Um Yes, it's just 70 locked in. Um and us now there was one crazy thing When you voted And the the voting form walked you through about 15 different decisions. Yeah Now if you'd followed every step of the bankruptcy then those 15 decisions is complicated enough anyway But if you didn't follow along it was like reading chinese or mandarin Um, because it was all in legally designed to protect you Uh designed to protect them rather by using all legal language. Yeah, and you couldn't tick the box And on that box, I'll give you another link if you're going on that. It's uh simondixon.com forward slash club Yeah, I remember this is and this is what we we put out last time for everybody to vote. Was it club? Yeah, this time club. I've updated it. So if you're Yeah, so in this website, I've taken all the questions That everyone asked and by the way, there's a lot. There's more to come So over the next two three four five years, there's going to be more and more coming So this is just distribution one And obviously most people are like well, I'll take distribution one. That's what I'm putting in my tax And I'll write off the rest and that's a good way to think about it Uh, but there is a lot more to come um yeah, and um Yeah, there was one gotcha which people might they should write to celsius as soon as possible They're in this situation one of the items to vote on is Let's say you had a 25 000 dollar claim Yeah, or you had a six thousand dollar claim. Let's say some people might say, you know what? I don't want that 56 and shares and litigation and everything. I just want the simple 70 Yeah, and so you could take your claim from six thousand to five thousand And what's called the convenience class? What that means convenience class means you have a claim of less than five thousand dollars and you get 70 percent Right, right, right, but can can they do that? Can they do that now simon or is that as that time's passed? Yeah, that's done. So that would have been in september. I think september the 18th it was Yeah, that's something we all voted. I remember right. Yeah. Now. Here's the problem a bunch of people Had and I've seen people that had like a hundred thousand dollar claim And tick the box to be in the convenience class And so they're like why have I got like, you know, less than one percent um, because they tick the wrong box and um In that scenario legally there's nothing you can do However, I have spoken to celsius And look don't panic you have got up to one year to withdraw and get your funds out now Don't wait that long Yeah, you know if if for any reason You you're trying to get an account open with paypal or venmo and it's taking you got to do all sorts of crazy stuff And celsius has got the wrong address and it's got your date of birth and the yeah, yeah, yeah Not matching up and your code's not working Or you found wow, I ticked that box and I wasn't going to tick that box um You got up to a year and and what the what the legal team said to me kirkland and ellis the lawyers representing celsius is Look right now. We've got a hundred thousand tickets with a few stuff You know, we're we're we're inundated. We don't have the team We're going through them one by one even the lawyers that were paying $2,000 an hour to we're doing customer service I would do that too if I got $2,000 an hour Yeah, exactly a great way to uh rack up the bills um But what they're what um, yeah, so the customer service is um But as long as you can evidence that you've been trying to resolve your issue Yeah, and it takes a month or two They're gonna most likely be good about it and say yeah, that was a genuine mistake We understand and they'll resolve it with you. You just won't get your money right now. Now the good thing is okay, is It's not like the ftx and block fi bankruptcy where everything was converted into dollars And then you're trying your hardest to get out as fast as possible So you can buy bitcoin because you think the market's about to rip it's already in bitcoin and eath You will receive the same amount of bitcoin and eath no matter what happens And so whatever happens if the price doubles triples quadruples from here You're still gonna see receive the same amount of eath even if it takes you three months to resolve your issue That's pretty good. I mean at least because we all make mistakes, right? We know that so how does so let's say that I took the wrong box or I did some things goofy How do I do I just contact Kirkland and Ellis or or can I just get the information through your website or how would that work? Yeah, what what I've done. I mean firstly the simple answer is there's The comp nothing's easy here There's a moment when you contact coinbase a moment when you contact pay bow a moment when you contact them A moment when you contact streto who's the agent managing it Yeah, a moment when you contact Kirkland and Ellis the ucc and Celsius So I literally had to put together a diagram Wow, which support to get through In order to get the result that that you're looking for Um, and so yeah that that was there's a there's a membership portal where I've got all the webinar recordings and slides and stuff Um, so I just I'll just walk you through this page. I took all of the questions Um, and just explained in simple terms because literally we had to read if you went if you were involved in this case following There was over 4,000 documents submitted to solve this case Um, I just put here's what you need to know Here's how over the next few years you may be entitled to about 100 percent of the dollar value Not the crypto. You're not going to make about the 75 percent of crypto that's lost But you may map may back may back the dollar value because you're entitled to a lot more stuff in the future So that webpage Simon Dixon.com forward slash club goes through an overview of everything you need to do So make sure that you get everything you're entitled to right And uh, also it goes through anyone that wants to work with uh banks of the future to take delivery of their shares Take delivery of all of their crypto and just um everything that they're entitled to in the future and then Put it all in a tax system and all that type of stuff. So But that's not available to americans if you are american Um, that's where I created a whole membership portal where it just gives you all the information to figure it all out on your own Gotcha. So that would be this right here, correct? Yeah, go down to here And then it would tell you everything you need to know List all the things you're entitled to list what happens Uh, if you want to work with our supply there And if you don't qualify because we can't work with us investors, unfortunately because the sec Um, then there's a link there to a membership portal that will like give you all the information you need to figure it all out on your own Gotcha. Hey It is a it is a tough case. Well, thanks for putting all the time and effort That's for sure. And then what about this one simon? Um, I like digital X celsius now as I understand it some people are going to get shares into this new company I personally Would never do anything with this company But I understand that some people will get shares And I and I even put a tweet out. I said, hey, I hope this company works out great Not because I want the company to succeed, but I want the creditors to succeed But how does this working out for some of the people for shares and because this is is this the bitcoin mining operation That was supposed to be up over on celsius Yeah, yeah, so let me um, let me share a bit about that, right? First thing is to mentally celsius is gone right No connection to celsius Um celsius management. Mijinsky is going to be facing up to 115 years Everyone that works for celsius that hung around The company's going to be closed in february. The app's going to be closed at the end of february You know celsius dies a death. It is no more But there is a bunch of assets that were bought with our money That we couldn't just sell in distress and so Some of those which are by the way worth like, you know 100 to 200 million some of them You know like their shares in in core scientific a publicly traded company that went into bankruptcy And depending on how it emerges that's worth about 69 million dollars to us Um, there's a lot of stuff because we a lot of investments were made with our money long-term investments They had short-term obligations a big bankruptcy hole. So We've got a team of venture capitalists. Let's just call it brick managing those for us And they will pay future distributions Now there wasn't there's another company now the company is brand new It's called ionic digital it's got a new management And uh, I've been asked to be a board observer. I just signed the contract for that And it is it because there was this dispute with core scientific which If you don't know it's one of the largest hosted mining companies in in texas in america Right, um, you know all of the big companies like marathon riot digital all those Yeah, mizhinsky's going in later this year um In the t-shirt the etf there The yeah, so uh a bunch of mining assets now in terms of what it is If you if you know anything about mining there's new equipment coming this year It that's going to kick the shit out of all the equipment but The key to a successful mining company is lack of debt and as painful as it sounds The money was owed to us and and we've lost the money So we've now got a debt-free company that has about 12.7 Exa hashes which would make it the second largest mining company in america next to marathon And it's got slightly outdated equipment, but it's actually got a settlement of In in texas that it can now just put plug all those machines in and it's being managed by a public company called heart eight Which is another public company um The form to be filed Sorry to list on nasdaq is in The order is complete and in approximately 60 days Um, it will be approved to be listed on nasdaq Now initially there'll be a bunch of people that want to sell that It's being valued at about 740 million which because it's got 225 million a cash A bunch of crypto a bunch of asics and a bunch of assets um, but Me personally I'll I'll do whatever I can. I'm not on the board. I'm a board observer But I'll do whatever I can to try and make that company successful Um, and it is actually a very significant bitcoin mining operation Bitcoin mining is a hard-ass business Um, oh, I know it's a very efficient business Um, however, you know I I hope the board is going to diversify into You know other opportunities like staking as a service and all sorts of stuff Um, so there is a company that's got nothing to do with Celsius and here's the thing Um, we've just got to get over our go get over the situation that this is a new company and if it succeeds Which is a bonus, you know forget about it in your mind, but if it succeeds Um, then, you know, some of them the bitcoin miners they they trade about 10x bitcoin in terms of movement on the nasdaq They're highly volatile if you look at all the miners um, and because we got bitcoin ETFs and You know vanguards, um, you know mining company ETFs and all that type of stuff If the company can get going, you know vanguard and black rock and their ETFs have to invest into it and um So, yeah, there's there's a chance that in the next year or two That company can become successful Uh, because it's got it's got a good foundation But it's nothing to do with Celsius nor the previous management or anything It's a new start new beginning just took the assets and wrapped it into a new nasdaq traded company Well, man, I hope I look I hope it works out for other people and for the creditors. I really do I just can't round my head around it. I can't I can't do it simon and then Well, you know how it is, you know how it is, but um, that's the best way to think about it You may you'll receive some shares and just sit there and see what comes to them No, hey, so so that That was a good one. That was a good So they're getting are they getting uh, like mentorship from jade or something like that or how's that working? Uh, jade is so we've got as part of the core scientific settlement We've got 240 megawatt location that can host up to 740 megawatts and They're they won the contract to build it out and get the 122,000 assets plugged in and mining In our own location owned by us so that they're not hosted by others So there's no dependency upon anyone else. No, that's good. Yeah, I guess I'm pointing out. They said hey, don't forget Uh hut eight CEO stepped down because of short selling I don't know what you're have you heard about this story? I was gonna cover it a couple of days ago, but I just said I got too busy But yeah, yeah, there was um this this does happen. So, you know, I'm somebody put out a It happens in the stock market where people publish Very negative pieces and short sell the stock. Yeah, and it crashed the stock about 50 percent Um, and it was a it was a hit piece on everything they think is wrong with heart eight now Whether there's truth in it Fine, I don't know. I'm not here to say or speculate on Uh, but it was a big hit piece, you know on the management and the previous companies and uh And yeah, it was an attack on their share price from a short seller Oh, yeah. Yeah. Yeah. This is what it was it was here Short seller j capital research release report january 18 saying the company was a pump and dump way to happen That's what it was. Okay Okay Well, that's a I mean, hi. I'm not here to to show hot eight, you know, but they do have 8 000 bitcoin on their balance sheet Yeah, they know, I mean like I mean if you're looking at just the the pure technicals, you're right I mean, they are a big company They've been around right so at least they can they can show these guys like hey It's what you want to do is how you got to do it. I'd rather learn from somebody No one wants no one wants anybody that no one wants to learn What's the term? Everybody wants some Bitcoin mining stocks don't make sense to me, but people use them as a leverage bitcoin bet and trade them I got it. Yeah. Yeah. Yeah So some people in the kind of comments are saying that things have been rolling out very positive They're very happy and actually able to take things off the healing has begun How about you my man? How are you because I know like if they're rolling on the u.s. Have you got anything yet because over there I don't know a man Yeah, so if you're if you're not from the u.s. Um 10 10 so There's about 450 000 accounts about 45 percent of them are u.s Uh 55 percent of them are non-us anyone from non-us you you have to have a coin based account with the same email that you had on celsius, so um, if for any reason right now you should do this right away if You have a coin based account. It's got to be in the same name. So you can't go from like You know a retirement account to an individual account or The corporate account to an individual or your account to your wife's account or anything like that It has to be the same name same same on same. Okay. Yeah, and then if you log into the celsius app and for any reason Um, you go into the account setting Like your coin based account is a different email to your celsius account. You can enter your coin based email in the celsius app Gotcha, okay, we'll connect the two as long as you're the same legal person Cool, perfect. So I guess the last week over two weeks two weeks. That's not bad They've distributed 10 000 international clients so far And that was mainly convenience costs the small accounts and then just doing a bit by bit in case everything goes wrong Did you did you see what happened with pay power mount gox? Well, we know what happened with mount gox, but what about paypal? I mean, oh, oh, no, no You're talking about the distribution from mount gox and that didn't those are big collapse I mean just didn't go through They accidentally they did it bit by bit. Oh, they got to pay power as a distribution partner and paid everyone double That's right. That's right And uh, one of one of the one of the people withdrew double the bitcoin So it's like a a typical mount gox centralized database to end but through paypal um, some of them one of the one of the creditors withdrew And uh, then the trustee had to reach out to them or send your bitcoin back or we're taking you to court And they said I'll send it to you as long as you complete my kyc process and you wait 10 years I would You know, I tip of the hat that was something I would do actually if I even reached out to them, but that's great I can imagine you did that robin and publishing it on youtube. Yeah, that'd be great Well, it'd be on x first and then youtube because it takes so much time. All right So simon, what's the next step here? What do we Is there anything else that we need to know moving forward about any kind of more distributions? Anything else come in the piper? This is like we're at the end essentially or towards the end Yeah, the the way to think about it is how most people are thinking about it You come to terms with the 75% loss do your taxes figure out how that works um And then and then um, I believe there's going to be a bunch more coming And there is going to be a bunch more come in because there's there's even guaranteed distributions that are coming And so, um, you know stay in touch on on that membership site. I'll make sure everyone knows what's coming and um, I'll be maximizing every Bit of you know every dollar that we can squeeze out of this thing Um, and I do believe in the end you may get up to about 100% of your dollar value once all the litigation's done The stock is issued And again, that's not your crypto value the crypto loss is locked in um But uh, you know imagine I'd say you may get about 40 percent of your crypto back in the end Which would be 100 percent of your dollar value back in the end. Yeah So if you're in stables you may even be made whole State. Yeah. Well stables. I mean like xrp. No, I'm just kidding Now the reason is is if someone had stables on celsius Because we got the core to keep the bitcoin underneath Um, you're essentially trying to make back your dollar value. You've already got 56 percent of your dollar value back There'll probably be another 45 percent to come Um, and you got essentially a forced investment in bitcoin underneath when it doubled Gotcha, okay Well, it sounds good and simon again. Thanks for doing all that. I mean you did a lot of work I mean even when people were calling, you know The the most ridiculous it's the trolls are the loudest, right? They're like the 0.01 percent and then the loudest out of everybody and the and you have 99. Something percent are like He's doing a good job. The other guy's just i'm glad they're gone. I'm glad they got rekt And I'm glad we're still around they go to new conspiracy theory role Ah Let me let me give you a new conspiracy theory. Um, actually it's pretty interesting Daniel leon the coat. This is real actually Daniel leon the co-founder Um, he's got off of his crimes. Mishinsky is getting up of 215 years Ronnie pleaded guilty and so obviously He's like the caroline in the ftx case So he's the one that will be giving dishing all the dirt to make the real criminal Mishinsky Um come along but uh, Daniel leon His wife was VP of institutional loans. So he she was the one that was in charge of making all the loans at Celsius. Yeah um, and uh, she's actually she works for the israeli defense force at the moment And daniel leon is actually I got a new AI startup working for the prime minister's office of israel Um, and there's a reason why they're not going to prison. But the whole new conspiracy theory is that uh, I planned this whole thing with spf And uh, yeah, and and the israeli government and uh, And uh, that's that's the new conspiracy theory by the 10 people that like to retweet each other's tweets You know, see it's it's a fine thing because I also heard that those 10 people were sent here by aliens on in a different galaxy And they are here to essentially steal All of our life forces if they want to make up ridiculous stuff. I can do it. I can do it all day long I got a great imagination to golly. That's annoying. But uh, how Trying to get Mishinsky off and make the world think that Mishinsky was the good guy And he was so disruptive to the banking system The the banks had to take him out because what he was doing would have destroyed the fear currency system and he was out for the good people out to serve And disrupt the banking system well that makes No sense. So anyhow, that's good stuff, man. Thanks. I I I do like a good goofy Conspiracy theory simon. Thanks man All right, everybody. So we're going live here for an hour simon. It's it's almost six o'clock where he's at. I'm sure his wife is Tired of him always working tirelessly. So I'm gonna let him let him go and get out of here So everybody again, you can find the information that uh, simon was talking about on his website. There was three. So well, there was original simondix.com and simondix.com forward slash club and I just put the forward slash club in the uh comment section or in the description as well and then if you like uh, good spicy memes and stuff and of course great information on uh On what's going on with Celsius and new things in crypto definitely follow him on x good stuff Had by all so simon again. Thanks for stopping by we appreciate it Everybody thanks for stopping by on a saturday. No, it's not something that you want to do But hey, we're finally getting to heal and get forward and if you're here now I think you're in the right place the right time simon. Yeah, I just want to say bro Uh, this will be the last broadcast we ever do on Celsius and we use that name onwards and upwards Cool sounds good. All right, buddy. Thanks so much. See you on the next one. Adios