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Red Pill News

Crypto Exchanges Voyager & Celsius Filed For Chapter 11 - Are Investors Out of Luck?

Red Pill News

Zak Paine

News

4.6701 Ratings

🗓️ 18 July 2022

⏱️ 22 minutes

🧾️ Download transcript

Summary

Crypto Assets are the future! Start your journey today! https://www.mydigitalmoney.com Guy Gottslack from my Digital Money joins me to discuss the recent bankruptcies at Celsius and Voyager and the outlook for crypto with mainstream retail adoption of Ethereal just around the corner. Save $150 off a 3 month supply of food: http://www.PrepareWithRedPill78.com DON’T WAIT! PREPARE NOW! ULTRA MAGA Collection from Rise Attire: https://riseattireusa.com/ultramaga/ PLEASE CONSIDER SUPPORTING THE CHANNEL: http://www.redpill78news.com/donate https://libertylinks.io/RedPill78   PROTECT YOURSELF! Get Dr. Z’s Z Stack today and support this show: https://zstacklife.com/?ref=azbl62h8hd Support My Pillow & RedPill78: Use Promo code - RP78 , or call 800-890-4893 https://www.mypillow.com Wisdom: https://joinwisdom.audio/redpill78   Audio Podcast: https://redpill78.podbean.com   Telegram: https://t.me/OfficialRedPillNews   HOW NOT TO DIE FROM CV19: https://redpill78news.com/wp-content/uploads/2021/09/How-to-Not-Die-from-COVID-19-Google-Docs.pdf   NEW MAILING ADDRESS:
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Transcript

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0:00.0

All right, guys, welcome back to another episode of Red Pill News.

0:17.5

As always, I'm your host, Zach Payne, the corruption detector. And joining me today

0:22.4

once again for our monthly chat on all things. Crypto is my good friend Guy Gottslack with

0:28.1

my digital money. Guy, how's your day going? Pretty good. Given the nice bump in Ethereum,

0:35.2

I started off with a good mood boost. How are you doing?

0:38.9

I'm all right. I haven't even looked at it because of all of the craziness that's happening

0:43.6

with a couple of different platforms right now, Celsius and Voyager. I'm going to ask you about those.

0:49.0

But before we get into that, why don't you tell the audience who you are and what My Digital Money does?

0:55.5

Yeah, so I'm Guy Gottslack.

1:00.5

I'm president and co-founder of My Digital Money. We're a self-trading platform that also offers US-based customer service. So it's kind of a hybrid, more humanized approach to trading.

1:05.7

And we allow you to trade with a crypto IRA. So you have the tax advantages. You don't have to, you know,

1:11.6

pay taxes on gains, but also cash accounts as well. All right, good stuff. And of course,

1:18.5

that link is in the description below. So we had two major crypto platforms file for Chapter 11

1:26.1

bankruptcy in the last week.

1:28.1

Both Voyager and Celsius.

1:30.4

Now, we've talked about Celsius before, and I'm just wondering if the situation is similar between Celsius and Voyager.

1:38.7

I know that Voyager is kind of unique because they had some major backers, including Mark Cuban.

1:45.2

What do you know about Voyager and what's happening there?

1:48.4

So what I do know about Voyager is, yeah, they gave some loans that ended up defaulting.

1:54.9

I mean, one of the loans that they gave was to Terra, what was not to Terror, to Three Arrow's Capital, sorry, who was invested in Terra.

2:04.7

And then what the Terra Luna crash happened, then Three Arrow's Capital defaulted on their loan.

2:12.0

And so then they ended up, you know, owing, I think it was like $250 million to Voyager.

...

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