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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Episode links
Adam Levitin
Adam Levitin 3AC/Celsius/Voyager Content
WassieLawyer
WassieLawyer 3AC/Celsius/Voyager Content
Celsius content
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3AC
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