Why the Messy 3AC, Celsius, and Voyager Bankruptcies Will Drag on for Years - Ep.377

Unchained

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