Crypto Failures: Lessons from BlockFi, Voyager, FTX, and Celsius

1. Why did Celsius CEO Alex Mashinsky resign?

Alex Mashinsky resigned as CEO of Celsius following the company's financial collapse and bankruptcy filing. The resignation came amid allegations of mismanagement, liquidity issues, and regulatory scrutiny, which contributed to the platform's downfall.

2. What happened to FTX's acquisition of Voyager's assets?

FTX purchased Voyager's assets for $1.4 billion in a deal aimed at recovering funds for Voyager's creditors. However, this acquisition was later complicated by FTX's own bankruptcy, leaving the final outcome uncertain for affected users.

3. What should users do if their crypto is stuck on FTX, Celsius, or Voyager?

Users with funds stuck on these platforms should monitor official bankruptcy proceedings and claims processes. They may need to file claims with the respective bankruptcy courts to potentially recover a portion of their assets, though full recovery is unlikely.