Two crypto law experts, Wassielawyer and Adam Levitin, analyze the bankruptcies of 3AC, Celsius, and Voyager.
Show highlights:
- the difference between Voyager and Celsius “custody” and “earn” deposits
- why Celsius commingling customer custody and earn 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 believe Celsius might have engaged in shady business practices, whereas they believe Voyager was just an irresponsible lender
- what the latest is on the 3AC bankruptcy and the location of Kyle Davies and Zhu Su
- what Celsius and Voyager can clawback from 3AC
- how Alameda fits into the Voyager bankruptcy case
- whether creditors will receive funds back in crypto or dollars
- the three types of ways creditors can “claw back” funds in a bankruptcy case
- why Wassielawyer and Adam believe Celsius’ Chapter 11 plan to restructure around mining is so weird
- whether the founders from 3AC, Celsius, or Voyager will see jail time
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Episode Links
Adam Levitin
Adam Levitin 3AC/Celsius/Voyager Content
Wassielawyer
Wassielawyer 3AC/Celsius/Voyager Content
Celsius Content
Voyager Content
3AC
Other
- Kirkland and Ellis are running both bankruptcies
- What is happening to assets in bankruptcy cases
- No exposure for Coinbase
- KeyFi lawsuit
- 3AC founders break silence
- 2022
- 3AC
- Adam Levitin
- Bankruptcy
- Bitcoin
- blockchain
- blockchain compliance
- blockchain conference
- Celsius
- Chapter 11
- coinbase
- coingenius
- Consensus
- creditors
- crypto conference
- Crypto Lawyer
- crypto mining
- cryptocurrency
- Custody
- decentralized
- DeFi
- Digital Assets
- earn
- ethereum
- Georgetown Law
- Gordian Group WassieLawyer
- Laura Shin
- machine learning
- non fungible token
- plato
- plato ai
- Plato Data Intelligence
- Platoblockchain
- PlatoData
- platogaming
- Polygon
- proof of stake
- Shows
- Unchained
- Unchained Podcast
- Voyager
- W3
- zephyrnet
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