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Blockchain technology is about to transform every trust-based interaction of our lives, from financial services to identity, from health care to our Internet of Things devices. In this podcast, host Laura Shin talks with industry pioneers across tech, financial services, health care, government and other sectors about how the blockchain and cryptocurrency will open up new opportunities for incumbents, startups and everyday people to interact more efficiently, directly and globally.

Jul 26, 2022

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 3AC/Celsius/Voyager Content


Celsius Content

Voyager Content