[Due Diligence] The Cefi Apocalypse - Part 1: The Celsius Files | George Aliferis, CAIA

INVESTOLOGY: re-think investment management

This is the first episode of a series about CEFI. We start by examining the Celsius archives and bankruptcy filing and what they reveal about the industry.

It's a new narrative format that allows me to go more in-depth and combine many elements gathered through previous interviews. And because CEFI involves both crypto and traditional finance, it offers a glimpse into the future of investing or, in this case, what we don't want the future to look like.

This episode was produced in partnership with The Realization Group https://www.therealizationgroup.com/ A B2B consultancy-led marketing agency operating at the intersection of TradFi and DeFi.

LINKS

🧑🏽‍🎓 Defi Investment Course: https://bit.ly/Defi-Invest Learn the strategies employed by 3AC, Celsius but in a risk-controlled environment

🎧 https://pod.link/the-fintech-files/

🎥 https://youtu.be/FW84_z5n4Bk

🏦THE COMPANY

Celsius is a bankrupt crypto lender, that was a leading CEFI platform. At its peak, it was managing $25 billion in clients' assets. In June 2022 it suspended withdrawals and in July, declared bankruptcy (currently undergoing Chapter 11)

💰 Funding: over $800 M - valued $10bn

TIMESTAMPS

00:00 From Community to Creditors

02:36 The rise of Celsius

07:40 What went wrong

08:25 Celsius activities

12:28 The origin of Celsius problems - 'Cryptopocalypse'

17:34 A CEFI apocalypse

19:04 A darker side to the story

20:10 What Celsius teaches us about CEFI and about investing

ABOUT THIS PODCAST

Welcome to the podcast that unveils the future of investing, hosted by George Aliferis.

In each episode, we explore asset classes, trends and technologies, with founders, investors and experts involved in shaping that future.

George is a reformed banker and marketer now using his skills to explore new investment opportunities and expose the hype. George is a Chartered Alternative Investment Association (CAIA) charter holder.