Smita Kar

@donutapp @donutapp - why did your team change the wording on the market update article? Originally, it said - that the UCC submitted counter proposal for full recovery. That statement is no longer available. Has something changed since?

Update: A Bar Date Order has been entered with an established deadline of May 22, 2023. No action is required on your part. Donut will file a master proof of claim on behalf of all users. Additionally, the UCC has completed their due diligence and based on their findings made a counter proposal - learn more in today's update: help.donut.app/en/articles/67…

Thank you for your continued patience, understanding and words of encouragement. Starting today, and every Tuesday and Friday until a resolution is reached, we will publish updates to our FAQ with the latest material information available. help.donut.app/en/articles/67…

@donutapp @donutapp - team, what about Mar 15th court hearing? Please give us more updates! Also kroll launched a claim website for people to register their claims with Genesis. restructuring.ra.kroll.com/genesis/ Can you please advise if we need to file claim as donut users?@theneelpopat

Update: Progress towards a binding agreement continues to be made. In our capacity, we continue offering support to the Creditor Committee and advocating on behalf of Donut users. help.donut.app/en/articles/67…

@donutapp @Robinater5 Can you please share some official proof from your txn summary that truly all of 95% funds were allotted to Genesis?Any accountability that your team didn’t follow up on promissory note asset being represented as current asset? No checks or balances to vet its maturity timeline?

@donutapp @Robinater5 Hey @donutapp - The language of fund distribution on the app changed quiet a few times without the users being notified. Also, some‘insignificant’value was still with theother lenders. Now,the FAQ is updated that everything is withdrawn from other lenders. Yet only 5% was enabled

@donutapp @theneelpopat Dear @donutapp I am watching your updates here like a hawk. Ofcourse I know that your team enabled access to 5% of our savings a month (lifetime)ago! Please start the wheels on rest of the funds however little by little. 5% has been a little relief but new bills have accumulated

@KarrSmita @theneelpopat Hey Smita 👋 thanks for your voice. That's exactly what we're doing. All assets with our non-Genesis lending partners are available for withdrawal. To withdraw these funds, update your app, press the three dots on home screen, tap Max, and slide the Withdraw button across.

@donutapp @theneelpopat Meanwhile,continue to work on your legal course with DCG.You would have access to such legal resources and expertise.Ethically, Donut is liable for our funds.As a company,you can work through your lender defaults while still meeting user obligations

@donutapp @donutapp @theneelpopat Can donut as a company step up and rise to the occasion to crunch some numbers and return user funds over a period of time? (Using investor capital, your remaining cash reserves or from that insignificant value that’s still with other lenders)

@donutapp @theneelpopat As mentioned in the letter to Silbert—We are real, ordinary common people who are going through life altering changes every single day without access to our savings 😞 It’s heart breaking!

@duff311 @donutapp The app’s been crashing on me as well. Hope our funds are safely paused???

@donutapp Team - please allow some level of partial withdrawal! It’s distressing.😩 You are possibly still making profits with your lending partners wyre and Abra by lending our digital dollars & through overcollaterization while our APY is still paused. Tuesday still seems far!

Hey all 👋 Thank you for your continued trust and patience as we navigate this situation together! To honor our 48 hour commitment, here’s the latest update: help.donut.app/en/articles/67…

@donutapp Can you allow partial withdrawals? For ex- some x% of the account? You can calculate that x% based on money with your other lending partners. Not having access to our money during the holidays for close to a week is terrifying! Some of us need to keep afloat.