– TIMESTAMPS –
0:00 Intro
1:54 Overview
3:28 Lies, Lies and More lies
9:17 Seven Counts
11:44 Civil charges
13:44 Final Thoughts
15:28 Outro
~~~~~
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
On today’s episode, NLW breaks down the newly filed report from the Celsius Network bankruptcy court’s independent examiner. The extremely thorough document argues that not only was Celsius engaged in extremely problematic practices, but that numerous employees raised concerns around them. The show also covers the debate around an independent examiner in the FTX case.
–
Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26–28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code BREAKDOWN to get 15% off your pass. Visit consensus.coindesk.com.
–
“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Swoon” by Falls. Image credit: Malte Mueller/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
👉What’s new with Celsius? A lot. So much so that I need help keeping it all straight and thankfully I have a couple of people who know what’s happening. Everything from insider withdrawals, to how to find your claim status to all the CURRENT plans that are being put out for restructuring. This will get you up to date FAST.
💰iTrust CRYPTO IRA *affiliate link*
💰💰 $100 Sign-Up BONUS & NO MONTHLY FEES!
💰💰I RECOMMEND & HAVE a ROTH IRA with iTRUST
💰💰🛑 Why a CRYPTO IRA? VIDEO 👉 https://bit.ly/danIRA
💰💰💰💰💰 $SPECIAL SIGN UP LINK – https://itrust.capital/dan
🐦🔵 Twitter – @newsasset
🆘 DAN DEGEN (2nd YouTube Channel) https://bit.ly/danclips
🆘 DAN DEGEN channel is all about NEW crypto projects – RISKY!!
🇪🇸 DAN ESPANOL – DAILY Crypto News in SPANISH – https://bit.ly/DANespanol
●▬▬▬▬▬▬▬▬DISCLAIMER▬▬▬▬▬▬▬▬▬●
#BITCOIN #ETHEREUM #CRYPTO #CARDANO
***NOT FINANCIAL, LEGAL, OR TAX ADVICE! This channel is for entertainment purposes only and is just my opinion as I am not an expert or a financial planner. Please perform your own research.
This episode is sponsored by Nexo.io, Circle and FTX US.
On this crypto recap episode, NLW looks at the latest news including:
Binance Smart Chain exploit Celsius user data leak MiCA regulation text finalization
–
Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.
–
FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.
–
I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.
–
“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Boris Zhitkov/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
⏰ June 12th, 2022 (11am). Take ALL crypto OFF of Celsius ASAP! – https://youtu.be/4QzIzg1HtDU
⏰ June 12th, 2022 (9pm) – Withdraws FROZEN.
⏰ June 20th, 2022 – 5 Rules set PERMANENTLY on ALL Live Streams
⏰ June 22nd, 2022 – Take ALL crypto OFF of Voyager ASAP! – https://youtu.be/LSxeXd5yCEU
⏰ July 1st, 2022 – Withdraws FROZEN
⏰ *”Not your keys, not your crypto” repeated AD NAUSEAUM over 2 years.
0:00 – Market Recap | Topics Overview
5:57 – CELSIUS BANKRUPTCY DOCS. WHAT IS CHAPTER 11? HAVE FINANCIAL COMPANIES COME OUT? CAN YOU SUE THEM?
18:36 – GETTING CLOSER TO THE BOTTOM (BUT NOT THERE YET)
23:57 – TRUFLATION FOUNDER STEFAN RUST – HOW CAN INFLATION TRACKING VIA CHAINLINK HELP US?
38:01 – SIMON INDICATOR TURNED BULLISH
💰iTrust CRYPTO IRA *affiliate link*
💰💰 $100 Sign-Up BONUS & NO MONTHLY FEES!
💰💰I RECOMMEND & HAVE a ROTH IRA with iTRUST
💰💰🛑 Why a CRYPTO IRA? VIDEO 👉 https://bit.ly/danIRA
💰💰💰💰💰 $SPECIAL SIGN UP LINK – https://itrust.capital/dan
► I listen to the YouTubers above b/c I like & trust them.
#BITCOIN #ETHEREUM #CRYPTO
●▬▬▬▬▬▬▬▬DISCLAIMER▬▬▬▬▬▬▬▬▬●
***NOT FINANCIAL, LEGAL, OR TAX ADVICE! This channel is for entertainment purposes only and is just my opinion as I am not an expert or a financial planner. Please perform your own research.
This episode is sponsored by Nexo.io, Chainalysis and FTX US.
Despite the bear market, both crypto-native and TradFi institutions in the crypto sector continue to plug along. In today’s episode, NLW looks at an update to how crypto banks can get direct access to the Federal Reserve via master accounts and how venture funds are evolving to meet a new type of financial technology era and the latest from Celsius Network.
–
Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.
–
Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.
–
FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.
–
I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.
Celsius and Voyager Chapter 11 Bankruptcy is still being felt throughout the crypto industry so to make sure everyone understands the legalities I brought on Nayuan Zouairabani-Trinidad a Bankruptcy lawyer expert with 15 years of experience from the firm Mcconnell & Valdez, L.L.C.
⏰ June 12th, 2022 (11am). Take ALL crypto OFF of Celsius ASAP! – https://youtu.be/4QzIzg1HtDU
⏰ June 12th, 2022 (9pm) – Withdraws FROZEN.
⏰ June 20th, 2022 – 5 Rules set PERMANENTLY on ALL Live Streams
⏰ June 22nd, 2022 – Take ALL crypto OFF of Voyager ASAP! – https://youtu.be/LSxeXd5yCEU
⏰ July 1st, 2022 – Withdraws FROZEN
⏰ *”Not your keys, not your crypto” repeated AD NAUSEAUM over 2 years.
0:00 – Market Recap | Topics Overview
2:27 – WHAT IS A BANKRUPTCY? DEFINE THE DIFFERENT CHAPTERS.
5:05 – CELSIUS 1st Day PROCEEDINGS – Are the crypto assets the property of celsius?
8:18 – Terms Of Service vs. False Representations in Social Media.
10:50 – Is there a difference between the EARN & CUSTODY?
12:30 – What about crypto assets used for loans?
14:33 – Who is unimpaired or impaired, crypto IN-KIND and what DATE?
19:05 – FILE A CLAIM! How To File & Dollar Amounts v. Crypto Amount.
21:48 – Can Celsius CLAW-BACK withdrawals from 90 days ago? Maybe…
28:08 – What Makes a Chapter 11 successful for the business?
32:35 – Will this case set precedent for the crypto market? Yes!
💰iTrust CRYPTO IRA *affiliate link*
💰💰 $100 Sign-Up BONUS & NO MONTHLY FEES!
💰💰I RECOMMEND & HAVE a ROTH IRA with iTRUST
💰💰🛑 Why a CRYPTO IRA? VIDEO 👉 https://bit.ly/danIRA
💰💰💰💰💰 $SPECIAL SIGN UP LINK – https://itrust.capital/dan
***NOT FINANCIAL, LEGAL, OR TAX ADVICE! This channel is for entertainment purposes only and is just my opinion as I am not an expert or a financial planner. Please perform your own research.
Ethereum 2.0 has been delayed again, for the 100th time, bullish for Ethereum miners but what about Ethereum stakers and investors? Billion dollar companies are launching cryptocurrency and NFT support, and news on where to NEVER store your coins… SUB! https://voskco.in/Sub
Celsius one of the most popular cryptocurrency lenders and loaners, a place to borrow cryptocurrencies as well as earn interest on them turned out to basically be a crypto ponzi scheme and has filed for bankruptcy but there is also Celsius Mining, a subsidiary of Celsius, will Celsius Mining survive? Coinbase cancelled their affiliate program, which is different than the Coinbase referral program but this is major bearish news, however is it being blown out of proportion or is Coinbase likely the next cryptocurrency exchange to file for bankruptcy given these bearish market conditions. Reddit one of the most popular websites in the world continues their crypto expansion, and this is huge bullish news!
VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make.
This episode is sponsored by Nexo.io, Chainalysis, FTX US and Ava Labs.
On today’s episode, NLW covers Celsius moving into Chapter 11 bankruptcy proceedings. This move has been anticipated for some time, but in advance Celsius sought to repay as many of its DeFi loans as possible. Also covered is a small but important decision in the Securities and Exchange Commission’s lawsuit against Ripple.
–
Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.
–
Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.
–
FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.
–
Ava Labs releases Core, the free, non-custodial browser extension, built for the power of Avalanche. Core is an all-in-one operating system bringing together Avalanche apps, Subnets, bridges and NFTs in one seamless, high-performance experience. Eager to start using Web3 dapps to their fullest potential? Download today at core.app!
💰iTrust CRYPTO IRA
💰💰 $100 Sign-Up BONUS & NO MONTHLY FEES!
💰💰I RECOMMEND & HAVE a ROTH IRA with iTRUST
💰💰🛑 Why a CRYPTO IRA? VIDEO 👉 https://bit.ly/danIRA
💰💰💰💰💰 $SPECIAL SIGN UP LINK – https://itrust.capital/dan
The below links are affiliate links. If you open an account using my affiliate link, I’ll earn a commission which is paid by Voyager, not by me.
►🔵 ⍌oyager (NO Fee Trading!) – https://bit.ly/danvoyager
►🔵 $25 Bitcoin SIGN UP for YOU. (CODE: DAN)
►🔵 ⍌oyager CEO on DAN – https://youtu.be/BPu05eWqk9Y
► I listen to the YouTubers above b/c I like & trust them.
#BITCOIN #ETHEREUM #CRYPTO
●▬▬▬▬▬▬▬▬DISCLAIMER▬▬▬▬▬▬▬▬▬●
***NOT FINANCIAL, LEGAL, OR TAX ADVICE! This channel is for entertainment purposes only and is just my opinion as I am not an expert or a financial planner. Please perform your own research.
