John Hess
37 posts


Update:
The Status Conference originally scheduled for this past Wednesday was rescheduled for Monday, February 6, 2023, at 11:00 am EST.
We anticipate being able to provide a more material update in Tuesday's update.
help.donut.app/en/articles/67…
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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…
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Update:
The first-day hearing was positive.
We continue engaging in productive conversations and working towards an agreement.
We are seeking to provide a more material update by the end of this week.
help.donut.app/en/articles/67…
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Update:
Genesis has voluntarily filed for Chapter 11 bankruptcy protection.
This filing is a step forward in the recovery of funds for Donut users.
Learn more about this and how we are being proactive in our latest Market Update:
help.donut.app/en/articles/67…
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Update:
The proposals from last week continue to be iterated upon.
We received the latest counter proposal yesterday evening.
We’re still hopeful to have an understanding of the next step by the end of this week.
help.donut.app/en/articles/67…
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@Saavedra93611 @donutapp It’s not like the bank got hacked, you willingly transferred the money so how would it be filed under a dispute?
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@therealsmidge @donutapp Go to your bank..Just do a chargeback on all your ACH withdrawals from Donut
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Update:
We remain in close consultation with Genesis and DCG exploring a plan to alleviate their liquidity issues, and talks remain collaborative.
Our top priority remains to craft a viable plan for Donut users to access their funds held at Genesis.
help.donut.app/en/articles/67…
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@Scootmcpoot @donutapp Our relationship with Donut has nothing to do with crypto. We deposit fiat currency to Donut who invests (lends) to others- crypto or not. If we pay taxes on interest earned at Donut, why can’t we claim a capital loss?
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@donutapp Any update on the situation? Its been 6 days...
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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…
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@CluphfDaniel @donutapp Well they lost it, only trust BANKS! Not a little start up that fucks your money over, FDIC insured is the only way to go, Citi bank has a savings account with over 3% interest making it close to the donut interest, and it’s FDIC insured, Donut is a Joke🤣
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@donutapp I’m seriously SO uncomfortable right now. I cannot afford for y’all to lose my money
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