{"id":24306,"date":"2022-12-08T11:33:14","date_gmt":"2022-12-08T11:33:14","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=24306"},"modified":"2023-01-05T21:21:01","modified_gmt":"2023-01-05T21:21:01","slug":"celsius-hearings-december-5-whose-stablecoins-are-these-kerp-bonuses-new-deadline-for-restructuring-plan","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2022\/12\/08\/celsius-hearings-december-5-whose-stablecoins-are-these-kerp-bonuses-new-deadline-for-restructuring-plan\/","title":{"rendered":"Celsius hearings, December 5: Whose stablecoins are these? KERP bonuses, new deadline for restructuring\u00a0plan"},"content":{"rendered":"<p>New one from Amy&#8217;s notes, distilled by me &#8212; and it&#8217;s over at Amy&#8217;s blog. [<a href=\"https:\/\/amycastor.com\/2022\/12\/07\/celsius-hearings-december-5-whose-stablecoins-are-these-kerp-bonuses-new-deadline-for-restructuring-plan\/\"><em>Amy Castor<\/em><\/a>]<\/p>\n<p>There were two hearings on November 5. The first was to establish ownership of Earn accounts and see if Celsius can sell $18 million in stablecoins. The second was an omnibus hearing, dealing with multiple motions. Amy sat through six tedious hours of this, so you wouldn\u2019t have to.<\/p>\n<p>The word \u201cliquidation\u201d came up a few times in the first hearing. This ice cube is melting fast.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2022\/12\/08\/celsius-hearings-december-5-whose-stablecoins-are-these-kerp-bonuses-new-deadline-for-restructuring-plan\/melting-ice-cubes\/\" rel=\"attachment wp-att-24307\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-24307\" src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2022\/12\/melting-ice-cubes.jpg\" alt=\"\" width=\"510\" height=\"315\" srcset=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2022\/12\/melting-ice-cubes.jpg 680w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2022\/12\/melting-ice-cubes-300x185.jpg 300w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2022\/12\/melting-ice-cubes-348x215.jpg 348w\" sizes=\"auto, (max-width: 510px) 100vw, 510px\" \/><\/a><\/p>\n<br><br><div align=\"center\"><p><a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\"><img src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2021\/10\/become_a_patron_button.svg\" alt=\"Become a Patron!\" title=\"Become a Patron!\" width=217 height=51><\/a><br><p style=\"align:center;\" class=\"patreon-badge\"><i>Your subscriptions keep this site going. <a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\">Sign up today!<\/a><\/i><\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>The word \u201cliquidation\u201d came up a few times in the first hearing. This ice cube is melting fast.<\/p>\n","protected":false},"author":1,"featured_media":24307,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[916],"class_list":["post-24306","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised","tag-celsius"],"jetpack_featured_media_url":"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2022\/12\/melting-ice-cubes.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/24306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/comments?post=24306"}],"version-history":[{"count":3,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/24306\/revisions"}],"predecessor-version":[{"id":24310,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/24306\/revisions\/24310"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media\/24307"}],"wp:attachment":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media?parent=24306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/categories?post=24306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/tags?post=24306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}