Celsius Network bankruptcy hearing, 1 November 2022: stablecoins, KERPs and Ponzis
When the judge brings up the word “Ponzi” …
Attack of the 50 Foot Blockchain
Blockchain and cryptocurrency news and analysis by David Gerard
When the judge brings up the word “Ponzi” …
“I kept up the bluff, hoping that I might eventually hit upon some workable plan to pay all my creditors in full.”
— Charles Ponzi
Anyone could listen in — so Amy did, and took copious notes.
They say damp records the past. If that’s so, I’ve got the biggest library yet.
Mate, this bird wouldn’t voom if you put four million volts through it!
Celsius needs to be liquidated, and the sooner, the better.
“It may have been the financial promotion with the single biggest audience reach in history.”
Multiple state regulators at the NASAA Nashville conference were quite interested in putting Alex Mashinsky’s backside in jail.
“No one really talks about Bitcoin here anymore. It’s kind of been forgotten.”
I went to Nashville, to hang out with financial regulators! That’s what people flock to Nashville for, right?