Episode Details

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

Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 

Ava Labs: https://www.avax.network/ 

Oasis: https://oasisprotocol.org/grant-programs?utm_source=unchained&utm_medium=partnership&utm_campaign=podcast-oasis-grants-program 

• https://twitter.com/AdamLevitin 

Adam Levitin 3AC/Celsius/Voyager Content

• https://twitter.com/AdamLevitin/status/1549935271323607040

• https://www.thedeal.com/restructuring/oped-looming-legal-issues-in-cryptocurrency-bankruptcies/  
• https://www.thedeal.com/restructuring/oped-crypto-winter-arrives/  
• https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4107019 
• https://twitter.com/AdamLevitin/status/1549142827774447619  
• https://twitter.com/AdamLevitin/status/1548727063930077188  
• https://twitter.com/AdamLevitin/status/1547945325125480451  
• https://twitter.com/AdamLevitin/status/1547699788279193600  
• https://twitter.com/AdamLevitin/status/1547584853180162049 
• https://twitter.com/AdamLevitin/status/1547389680198508546  

WassieLawyer

• https://twitter.com/wassielawyer 

WassieLawyer 3AC/Celsius/Voyager Content

• https://twitter.com/wassielawyer/status/1543238225338454016 
• https://twitter.com/wassielaw