Celsius hearing, December 8: Selling GK8 to Galaxy Digital
Is it time for a new tattoo?
Celsius hearing, December 7: Custody and Withhold accounts, and a partial ruling
Some assets belong to individual creditors, not to the bankruptcy estate. But the details have to be worked out.
Celsius hearings, December 5: Whose stablecoins are these? KERP bonuses, new deadline for restructuring plan
The word “liquidation” came up a few times in the first hearing. This ice cube is melting fast.
Crypto collapse: FTX headed for examiner, Bahamas crypto shenanigans
“the contagion effect of everyone noticing all the exchanges are insolvent”
Crypto collapse: BlockFi even deader, crypto miners going broke, Sam will not shut up, Binance and Tether are fine
“I’m as confused by this as everyone else!”
El Salvador’s Chivo Wallet: a slapstick saga of software disaster
Anyone who’s worked in software development will understand the tale Overton tells.
Crypto collapse: FTX first-day hearing, Genesis screws DCG, Silvergate Bank
“I think we’re shortly to find that embedded leverage in the sector was far, far higher than anyone, even its most ardent critics, expected.”
If Twitter goes down, where will crypto Twitter migrate to?
Musk seems to think that if a four-engine jet can stay in the air on one engine, the other three can be sold for scrap. This turns out to be incorrect.
Crypto collapse: Celsius’s Interim Examiner Report
Celsius used the finest accounting software known to crypto: a Google spreadsheet.
Declaration of John Jay Ray — FTX is worse than Enron
“Never in my career have I seen such a complete failure of corporate controls.”