A corporate restructuring and bankruptcy BLOG

    Media Turns to Bob Gayda for Insights on Crypto Bankruptcies

    August 1, 2022

    Seward & Kissel partner Bob Gayda spoke with reporters from Forbes, Bloomberg, the Financial Times, and Reorg to share his thoughts on recent crypto bankruptcies, including Celsius Network LLC and Voyager Digital. Bob discussed challenges crypto companies may face when paying off their debts, why stablecoin issuer Tether is facing scrutiny over a loan it recovered from Celsius, why Voyager is searching for prospective purchasers for the platform or investors who can finance the platform, and how the problems crypto is facing can be isolated to a few companies that have intertwined themselves, among other topics.

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    The opinions expressed are those of the author(s) and do not necessarily reflect the views of the firm or its clients, or any of its or their respective affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal advice.


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