Jeff N
547 posts


@theneelpopat BIG thank you to @theneelpopat & the rest of the @donutapp team for being honorable founders. Many others could’ve EASILY boxed up shop and said ‘see ya wouldn’t wanna be ya’. Truly speaks to who you and the team are as founders - frankly just kind humans. Cheers y’all! 🎉🙏
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@theneelpopat Thank you Neel for fighting for us every step of the way. Thank you for always responding to all my questions through out this ordeal. It was a hard lesson learned and now we all can move forward.
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Jeff N retweetledi

Update:
The bankruptcy plan is now in effect, and we've successfully recovered 100% of your funds, which we're preparing for withdrawal.
To ensure system stability and adherence to payment processor limits, we'll use a gradual distribution process in which withdrawals become available in phases.
When it's your turn, you'll have access to your entire balance.
Withdrawals will start becoming available next week, with gradual access for all users to withdraw their funds in August.
When your withdrawal is ready, we'll notify you and provide instructions on how to initiate it via the Donut web app.
help.donut.app/en/articles/67…
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Jeff N retweetledi

This is absolutely insane:
Nvidia, $NVDA, the third largest company in the world is trading like a penny stock.
Since its after hours low seen just 18 hours ago, Nvidia has added $380 BILLION of market cap.
In other words, Nvidia has added as much market cap as the entire value of Costco, $COST, in 18 hours.
This comes after the stock erased $1 TRILLION of market cap over the last 5 weeks.
Big tech stocks are throwing around trillions of Dollars of market cap in a matter of hours.
Truly insane.

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Jeff N retweetledi

Update:
We can now confirm a 100% recovery of funds.
We understand you're eager for updates and appreciate your continued patience. We're working diligently to move this process forward and will notify you when withdrawals are ready.
To ensure a smooth withdrawal process, please confirm your bank account.
More to come.
help.donut.app/en/articles/67…
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Jeff N retweetledi

The Bankruptcy Court has published its decision approving the Genesis chapter 11 plan, which can be accessed here: tiny.cc/Genesisdecision
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Jeff N retweetledi

On March 6th, @DCGco tweeted a response to the @NewYorkStateAG's lawsuit alleging fraud by DCG, @BarrySilbert and @michaelmoro. It was full of corporate boilerplate and mincing of words, instead of addressing the substantive and detailed suit in plain language. 🧵👇
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1/ Today, DCG and @BarrySilbert filed motions to dismiss the meritless civil lawsuit filed by the New York Attorney General against Gemini, Genesis, and DCG. As we have stated from the beginning, the allegations are a thin web of innuendo, mischaracterizations, and unsupported conclusions. Unfortunately, the inaccuracies throughout this misguided complaint have fueled speculation and misinformation about DCG. We want to clear things up and we encourage you to read the filings here dcgupdate.com.
More below 🧵:
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Jeff N retweetledi

1/ A tale of two bankruptcies, separated by a decade, and the two men who caused them. One of them with a conscience, and the other without one (@barrysilbert).
Time for a thread 🧵


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@theneelpopat Thanks for the weekly updates, finally seeing light at the end of the tunnel.
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Jeff N retweetledi
Jeff N retweetledi

Thanks Nikou
You have covered DCG more than anyone
Please pursue further!
There are over 2B in potential preference claims to pursue at DCG and we have no idea why the Debtor has not pursued them yet after a full year has passed.

Nikou Asgari@nikasgari
A sweeping look at the key people in crypto, and where they stand now - facing prison, civil charges, or personally unscathed from regulators with @ScottChipolina ft.com/content/b95708…
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