In a highly educational conversation, Wassielawyer, a lawyer specializing in restructuring and insolvency, discusses the bankruptcy and liquidation of Three Arrows Capital, plus sheds light on similar processes unfolding with Celsius and Voyager. Show highlights: <ul> <li>Wassielawyer’s experience as a lawyer and his professional background</li> <li>what the liquidation process looks like and what drives a company to get into this situation</li> <li>what the creditors of 3AC can expect from the liquidation process and who will be paid first</li> <li>why he doesn’t think the liquidators breached their fiduciary duty by not exercising the Starkware token warrants</li> <li>what Chapter 15 bankruptcy is and what it means for a company</li> <li>whether Zhu’s and Davies’ unknown whereabouts affect the liquidation process and whether they are likely to cooperate</li> <li>whether 3AC counterparties will get anything back from the credits they provided</li> <li>how Chapter 11 bankruptcy differs from Chapter 15 </li> <li>what Chapter 11 bankruptcy filing means for Celsius and its account holders</li> <li>what are the similarities and differences between Celsius and Voyager filings</li> </ul>   Thank you to our sponsors! <a href="http://crypto.com/">Crypto.com</a>: <a href= "https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021">https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021</a>  Ava Labs: <a href= "https://www.avax.network/">https://www.avax.network/</a>  EPISODE LINKS Wassielawyer <ul> <li>Twitter: <a href= "https://twitter.com/wassielawyer">https://twitter.com/wassielawyer</a></li> </ul> 3AC: <ul> <li>Wassielawyer’s threads: <ul> <li><a href= "https://twitter.com/wassielawyer/status/1543238225338454016?s=20&t=kXB2gr4UCkAz5p09LD24XA"> https://twitter.com/wassielawyer/status/1543238225338454016?s=20&t=kXB2gr4UCkAz5p09LD24XA</a></li> <li><a href= "https://twitter.com/wassielawyer/status/1538167831946473472?s=20&t=kXB2gr4UCkAz5p09LD24XA"> https://twitter.com/wassielawyer/status/1538167831946473472?s=20&t=kXB2gr4UCkAz5p09LD24XA</a></li> </ul> </li> <li>Unchained Newsletter: <a href= "https://unchainedpodcast.com/3ac-files-for-chapter-15-bankruptcy/"> https://unchainedpodcast.com/3ac-files-for-chapter-15-bankruptcy/</a></li> <li>Crypto Contagion: </li> <li> </li> <li>Court order allowing subpoenas: <a href= "https://www.theblock.co/post/157141/bankruptcy-court-judge-gives-green-light-to-serve-subpoenas-to-3ac-founders-for-discovery"> https://www.theblock.co/post/157141/bankruptcy-court-judge-gives-green-light-to-serve-subpoenas-to-3ac-founders-for-discovery</a></li> <li>Previous coverage: <ul> <li>Unchained Coverage: Why Possible Insolvencies by Celsius and 3AC Could Spell Disaster for Crypto: <a href= "https://unchainedpodcast.com/why-possible-insolvencies-by-celsius-and-3ac-could-spell-disaster-for-crypto/"> https://unchainedpodcast.com/why-possible-insolvencies-by-celsius-and-3ac-could-spell-disaster-for-crypto/</a></li> <li>The Chopping Block: Here’s What Was So Bad About Three Arrows Capital: <a href= "https://unchainedpodcast.com/the-chopping-block-heres-what-was-so-bad-about-three-arrows-capital-ep-368/"> https://unchainedpodcast.com/the-chopping-block-heres-what-was-so-bad-about-three-arrows-capital-ep-368/</a></li> <li>Does Venture Capital Investment Violate the Ethos of Crypto? Sequoia Says No: <a href= "https://unchainedpodcast.com/does-venture-capital-investment-violate-the-ethos-of-crypto-sequoia-says-no-ep-367/"> https://unchainedpodcast.com/does-venture-capital-investment-violate-the-ethos-of-crypto-sequoia-says-no-ep-367/</a></li> </ul> </li> </ul> Voyager: <ul> <li>Wassielawyer’s thread: <a href= "https://twitter.com/wassielawyer/status/1545827666590601216?s=20&t=kXB2gr4UCkAz5p09LD24XA"> https://twitter.com/wassielawyer/status/1545827666590601216?s=20&t=kXB2gr4UCkAz5p09LD24XA</a></li> <li>Unchained Newsletter: <a href= "https://unchainedpodcast.com/voyager-digital-files-for-chapter-11-bankruptcy/"> https://unchainedpodcast.com/voyager-digital-files-for-chapter-11-bankruptcy/</a></li> <li>Bankruptcy: <a href= "https://www.reuters.com/technology/crypto-lender-voyager-files-bankruptcy-2022-07-06/"> https://www.reuters.com/technology/crypto-lender-voyager-files-bankruptcy-2022-07-06/</a></li> <li>Voyager exposure to 3AC: <a href= "https://www.coindesk.com/business/2022/06/22/voyager-digital-requests-loan-repayment-from-3ac-considers-issuing-default-notice/"> https://www.coindesk.com/business/2022/06/22/voyager-digital-requests-loan-repayment-from-3ac-considers-issuing-default-notice/</a></li> </ul> Celsius: <ul> <li>Wassielawyer’s thread: <a href= "https://twitter.com/wassielawyer/status/1536192639112183808?s=20&t=kXB2gr4UCkAz5p09LD24XA"> https://twitter.com/wassielawyer/status/1536192639112183808?s=20&t=kXB2gr4UCkAz5p09LD24XA</a></li> <li>Celsius bankruptcy: <a href= "https://www.reuters.com/technology/crypto-lender-celsius-files-bankruptcy-2022-07-14/"> https://www.reuters.com/technology/crypto-lender-celsius-files-bankruptcy-2022-07-14/</a></li> <li>Halt of withdrawals: <a href= "https://blog.celsius.network/a-memo-to-the-celsius-community-59532a06ecc6"> https://blog.celsius.network/a-memo-to-the-celsius-community-59532a06ecc6</a></li> <li>Celsius repaying debt and claiming collateral: <ul> <li><a href= "https://www.coindesk.com/markets/2022/07/13/wobble-in-steth-price-shows-fear-celsius-might-dump-435m-stake/"> https://www.coindesk.com/markets/2022/07/13/wobble-in-steth-price-shows-fear-celsius-might-dump-435m-stake/</a></li> <li><a href= "https://www.coindesk.com/markets/2022/07/11/celsius-reclaims-172m-collateral-from-aave-compound/"> https://www.coindesk.com/markets/2022/07/11/celsius-reclaims-172m-collateral-from-aave-compound/</a></li> <li><a href= "https://www.coindesk.com/markets/2022/07/13/celsius-pays-off-last-defi-loan-reclaims-nearly-200m-of-wrapped-bitcoin-from-compound/"> https://www.coindesk.com/markets/2022/07/13/celsius-pays-off-last-defi-loan-reclaims-nearly-200m-of-wrapped-bitcoin-from-compound/</a></li> </ul> </li> </ul>

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Three Crypto Bankruptcies: 3AC, Celsius and Voyager. What Happens Now?- Ep. 374

Unchained