Sam Huebner

If you haven't been following the shitshow by #Celsius in their reckless pursuit to clawback funds from innocent customers, you're missing some of the most careless and irresponsible behavior imaginable. It’s wild enough to demand customers return their own money. But the manner in which Celsius has been going about this has been so reckless that one could argue innocent customers have been treated worse than the insiders who caused this mess in the first place. Here are just a few highlights of what customers have had to deal with so far, all of which is public information: - Celsius lets customers who withdrew less than $100k off the hook in order to buy the votes they need to go after customers that withdrew more than $100k. - Celsius goes after customers who withdrew more than $100k, but does not waive the first $100k for these customers. In other words, a person who withdrew $99k is completely off the hook while someone who withdrew $101k is being sued for the entire amount and even more (read on). - Crypto prices rise, so Celsius sends out demand letters using in-kind values instead of what's stated in the plan (note that Celsius is not giving the same in-kind value to customer claims, only to money they believe they are owned by customers). - Customer data is exposed because of a Stretto data leak, resulting in customers receiving countless scam calls and phishing attacks. - Celsius files public complaints against customers who withdrew more than $100k, and instead of using withdrawal amounts per the plan, they massively inflate and misrepresent amounts by using in-kind values, not crediting for certain deposits, and other tactics. In many instances, these public documents are showing customers owing 3-4x the value they actually withdrew. One might argue that this behavior is to be expected of the Celsius team and their attorneys, and that these inflated values are just scare tactics that will never stick in court. And while this may be the case, the blatant disregard for customer safety and security by giving the public the impression that many of their customers have a lot more money than they actually do, is beyond comprehension. As if the data leak wasn’t bad enough. The court complaint goes on to state “The Defendant in this action is one of the lucky few who were spared…”. Lucky? Many of these customers also left hundreds of thousands of dollars on the platform, if not more. This money has benefited the very same people who are demanding these customers pay even more. Apparently, Celsius feels that a customer that withdrew under $99k and left nothing on the platform is ok in their book, but a customer that withdrew $101k while leaving $500k on the platform was one of the bad guys and should be sued. 🤯 Customers are already dealing with the stress of financial losses. To then be threatened by demand letters with inflated values, have their data leaked, and be concerned about their safety as a result of public documents misrepresenting and massively inflating their withdrawal amounts? Somewhere along the way, Celsius forgot who the real criminals were.