Over the course of the crypto winter we’ve seen companies falling like dominos. Several have filed for bankruptcy, with consequences that continue to reverberate across markets. In July 2022, Celsius became the first of the major crypto companies to seek bankruptcy protection, but it would be far from the last. Now, consumers and courts alike are grappling with what these collapses mean.
Regulators have sharpened both their rhetoric and their actions against crypto companies and individuals in the market. How are these bankruptcies informing their thinking? What precedents are they setting and what are the potential consequences for crypto?
Joining this episode to discuss the growing power and importance of bankruptcy court judges is Bloomberg reporter Steve Church.
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This podcast is produced by the Bloomberg Crypto Podcast team: Supervising producer: Vicki Vergolina, Senior Producer: Janet Babin, Producers: Sharon Beriro and Muhammad Farouk, Associate Producers: Mo Andam and Ty Butler. Sound Design/Engineer: Desta Wondirad.
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