[everfree]

The site is not actively accepting deposits. Did you assume that it was, based on something you saw there?

Read this passage from Alex Mashinsky's bankruptcy affidavit:

> Importantly, however, shortly after the Pause Date, on June 18, 2022, Celsius made the necessary changes to the Celsius App to prevent any new users from generating a deposit address and thus being able to deposit cryptocurrency on the Celsius platform. Moreover, as of the Petition Date, new users are prevented from even registering for a Celsius Account.

Celsius can't prevent people from sending crypto to addresses that Celsius controls, but that's a whole different story from "continuing to accept deposits."

[gcr]

If Celsius is accepting deposits on existing addresses, they are continuing to accept deposits that they know their customers can't access. Celsius designed the system without an off switch because DeFi systems generally view that as an anti-feature, but that means that they probably aren't able to be compliant with the bankruptcy affidavit.

You yourself wrote that they "can't prevent" deposits for existing accounts. It's very pertinent.

[everfree]

> If Celsius is accepting deposits on existing addresses, they are continuing to accept deposits that they know their customers can't access.

Did you read the affidavit? Your argument is specifically pre-empted and refuted:

> It is important to understand that users transfer their digital assets from external “wallets” to the Celsius platform by recording such transactions on the blockchain. These transfers are entirely user driven with no ability for Celsius to “approve” or “deny” a transfer to its platform. This is a feature of the underlying blockchain infrastructure and cannot be technically changed or otherwise prevented.

It is impossible to create, for example, a Bitcoin address that has an "off switch" that will prevent people from sending additional bitcoins to it. It's a feature that most blockchains simply do not support.

In other words, Celsius did not "design the system without an off switch." Satoshi Nakamoto designed Bitcoin without an off switch.

[tromp]

> It's a feature that most blockchains simply do not support.

Notably, the feature of requiring receiver approval is inherent in blockchains using the Mimblewimble protocol.