Well I was one of the fools not withdrawing my funds from Celsius after hearing some rumours about Celsius. On the 13 of july 2022 Celsius was declared bankrupt.
So, I did decide to swallow my pride and write of the funds I had there. At the moment when Celsius was declared bankrupt, I had BTC, ETH and BCH parked there. The value at that moment was around $540. Not a lot but still a decent amount of money.
Yesterday I got a distribution on coinbase from Celsius. While happy that I did get some crypto back, a strange conversion was used. I knew that I wouldn't be able to recover the complete amount but still.
I did hade the following on Celsius:
First of all, within the agreement it was written that they would only dsitribute BTC and ETH. So in my case I do assume that the BCH was coverted into BTC. So, when I do compare it to the value when they ot bankrupt, I did recover 75% of the value. But when I compare it with the value of today I only got 32% back. I was only a small fish at the ocean, but if they also did this calculation to the whales, they will probably make a profit while goin bankrupt. Strange world we do live in.
Cheers, Peter