2022-07-07
Two most interesting things in the Voyager bankruptcy petition: (1) Voyager's second largest exposure is to Alameda Research. So there's some recycled capital. Voyager loans Alameda $377M, & Alameda reloans Voyager $75M. Plus Alameda is Voyager's largest shareholder (9.5%). 1/
Bloomberg
Voyager Digital files for Chapter 11 bankruptcy in New York, estimating it has 100,000+ creditors and $1B-$10B in assets; SBF's Alameda is its main creditor
Crypto broker Voyager Digital Ltd. filed for Chapter 11 bankruptcy protection just weeks after getting a lifeline …
2022-06-15
🧵 on #CelsiusNetwork and bankruptcy. Buckle up. 1/
Financial Times
Celsius portrays itself as a simple company offering “financial freedom” but risky trades and bets have led to a crisis, halving its assets to $12B in May
Financial Times : Tweets: @firstadopter , @lakshmishaks , @financialtimes , @adamlevitin , @firstadopter , and @kadhim Tweets: @firstadopter : FT: “Celsius was also the holder of ...
🧵 on #CelsiusNetwork and bankruptcy. Buckle up. 1/
Wall Street Journal
Source: crypto lender Celsius Networks is looking for financing options from investors and exploring other strategic alternatives, like financial restructuring
Celsius Network, among the largest crypto lenders, has paused user accounts, citing extreme market conditions