Why the messy bankruptcies of 3AC, Celsius and Voyager will last for years – Ep.377


Two crypto law experts, WassieLawyer and Adam Levitin, analyze the bankruptcies of 3AC, Celsius and Voyager.

View Highlights:

  • the difference between Voyager and Celsius “keeping” and “earning” deposits
  • why Celsius mixing client custody and earned deposits could make it harder for creditors to get their money back
  • what similarities and differences the Voyager and Celsius bankruptcies have
  • how chapter 11 bankruptcy works
  • why Wassie and Adam think Celsius might have engaged in shady business practices, when they think Voyager was just an irresponsible lender
  • what’s the latest on 3AC’s bankruptcy and the whereabouts of Kyle Davies and Zhu Su
  • what Celsius and Voyager can recover from 3AC
  • how Alameda fits into Voyager’s bankruptcy case
  • whether creditors will receive funds in crypto or dollars
  • the three types of ways creditors can “recover” funds in bankruptcy
  • why Wassielawyer and Adam think Celsius’ Chapter 11 restructuring plan around mining is so weird
  • whether the founders of 3AC, Celsius or Voyager will see a prison sentence

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Adam Levitin

Adam Levitin 3AC/Celsius/Voyager Content


WassieLawyer 3AC/Celsius/Voyager Content

Celsius content

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