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” …
Celsius needs to be liquidated, and the sooner, the better.
And a few words on crypto bankruptcies.
“Sound stupid? Great, you’re all caught up.”
“The trick in the game is to make losers feel like they are winners, and one of the means of getting them into the trade is by paying them a yield to take on risks they don’t understand.”