Crypto collapse: 3AC yacht ‘Much Wow’ back on the market, Celsius maybe-Ponzi, Voyager pays off the boys, Hodlnaut

Amy Castor and I have our latest dispatches from the burning empire, this time over at her blog. [Amy Castor]

In this update:

  • Toot toot, I’m a boat: 3AC’s yacht, Intelligencer on Zhu and Davies, and how much 3AC are to blame for all of this. (Somewhat, but all their customers were greedy fools too.)
  • Voyager wants to pay remarkable sums to existing employees, just ‘cos they’re nice, and certainly not to shut them up.
  • Celsius is in a hole, and wants to keep mining.
  • The US Trustee seems to think Alex Mashinsky can’t be trusted!
  • Did Celsius literally do a Ponzi scheme when it paid investors more in returns than was actually being generated in yield?
  • Hodlnaut finally applies for creditor protection.



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