Today Bennett and Cas discuss the best of times and the worst of times for two enormous Ponzi scemes: Celsius - a now bankrupt cryptocurrency lender - and Luna - an algorithmic stablecoin ecosystem once valued at nearly $60 billion, and the two individuals who ultimately led them to their downfalls: Alex Mashinsky and Do Kwon.
This episode was recorded on September 28th, 2022.
Read more: https://cryptocriticscorner.com/2022/09/30/episode-94---ponzi-update-terra-and-celsius/
Other episodes mentioned in this episode:
Episode 26 – Cryptocurrency Lending is Too Good to Believe
https://youtu.be/A_Sj_ZrlyLs
Episode 85 – Celsius Network: A Pyramid of Ponzis
https://youtu.be/m6xkCDP1z2s
Episode 93 – Saylor’s Strategy – A MicroTragedy
https://youtu.be/mBkGhGDwqO0
Episode 79 – Celsius Collapse: Causes, Concern, and Catastrophe (Feat. Dirty Bubble Media)
https://youtu.be/z5S0IkIM7vc
Episode 71 – Terra, Luna, and Algorithmic Stablecoins
https://youtu.be/V16U4J65xkM
Episode 72 – We Never Want to Discuss Terra and Luna Again…and yet
https://youtu.be/Og2vLA1XFyI
Episode 7 – QuadrigaCX: the Canadian cryptocurrency exchange that just won’t die
https://youtu.be/ZnZCRMcYSKE
Episode 40 – The Silk Road, Bitcoin, and Ross (featuring Nicholas Weaver)
https://youtu.be/VMfp4X_HSu4
Other resources mentioned in this episode:
KeyFi lawsuit against Celsius
https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=RvF30Mz2IZW63s1mjjau2Q==
Celsius lawsuit against KeyFi
https://assets.law360news.com/1523000/1523691/complaint.pdf
Coverage of the Celsius countersuit
https://protos.com/celsius-lawsuit-claims-keyfi-stole-customer-deposits-to-buy-nfts/
Mashinsky resigns
https://protos.com/chief-exec-alex-mashinsky-resigns-from-celsius-network__trashed/
Celsius Network all-hands
https://youtu.be/40-w9r7WSKM
Bennett's reaction to Coinage interview of Do Kwon
https://youtu.be/vcy_N8Kozf4
What is a red notice?
https://protos.com/what-is-an-interpol-red-notice-and-how-does-it-work/
Cas' article on death fraud
https://medium.com/coinmonks/death-fraud-6920cc93d0a7
Other places to find Crypto Critics' Corner
Website: https://cryptocriticscorner.com/
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Bennett's Twitter: https://twitter.com/BennettTomlin
Cas' Twitter: https://twitter.com/CasPiancey
Bennett's Newsletter: https://TheFUDLetter.com/
Cas' Blog: https://thecaspiancey.medium.com/
Bennett's Blog: https://bennettftomlin.com/
Bennett's YouTube: https://www.youtube.com/channel/UCfqVyMNHmkF3hZOIfYhZxqQ
Timestamps:
00:00 What is going on with Celsius Network?
12:50 Luna and Terra and Do Kwon
#cryptocurrency #crypto #podcasts #listenable #bitcoin #terra #luna #celsius #celsiusnetwork