How Crypto Bankruptcy Claims Buyers Will Profit From the Collapse of FTX - Ep. 444

Published: Jan. 17, 2023, 8:30 a.m.

b'From 3AC to FTX (and possibly more to come), it\\u2019s boom times for those trading crypto bankruptcy claims. Thomas Braziel, founder and CEO of 507 Capital, gives a crash course on bankruptcy law, offering the latest updates on the FTX, Celsius, and Three Arrows Capital cases. Plus, insight on how 2023 could finally be the year Mt. Gox creditors get (some) closure.\\n\\nShow highlights:\\n\\nhow Tom got into crypto with the Mt. Gox bankruptcy and whether "crypto distressed" is an emerging asset class\\n\\nhow buying bankruptcy claims is also a way to buy crypto assets at a discount\\n\\nhow to determine how much value creditors are owed in a crypto bankruptcy\\n\\nwhat the marketplaces for buying and selling claims are like\\n\\nwhether it\'s possible to tokenize bankruptcy claims\\n\\nwhether crypto tokens should be treated as property\\n\\nwhat is likely to happen when Mt. Gox creditors are returned their BTC\\n\\nthe importance of Celsius\' separation of custodial assets vs. assets in interest-bearing accounts\\n\\nthe likelihood of Celsius being acquired\\n\\nwhy the fact that FTX recovered $5 billion in assets is "amazing"\\n\\nwhy so many stakeholders disputed the ownership of the $450 million in Robinhood shares\\n\\nwhy there\'s so much difference in the prices of FTX, Voyager, BlockFi and Celsius claims\\n\\nwhether the customer list of FTX should be kept private\\n\\nwhat type of creditors are Gemini Earn customers\\n\\n\\n\\nThank you to our sponsors!\\nCrypto.com\\nDeFi Saver\\n\\nLinks\\n\\nGuests:\\nThomas:\\n\\nTwitter\\n\\n507 Capital\\n\\nPrevious appearances on Unchained:\\n\\nWill FTX Customers Ever Recover Their Assets? Two Insolvency Experts Weigh In\\n\\nWill Celsius Survive the Bankruptcy Process?\\n\\n\\nEpisode Links:\\xa0\\nCelsius\\n\\nReuters:\\n\\nU.S. judge says Celsius Network owns most customer crypto deposits\\n\\nCelsius bankruptcy judge orders return of some crypto assets to customers\\n\\n\\nBloomberg: Bankrupt Crypto Lender Celsius Receives Multiple Bids for Retail and Mining Assets\\n\\n\\n\\nFTX\\n\\n\\nUnchained:\\xa0\\n\\nDOJ Seizes $450M in Robinhood Shares from FTX\\n\\nBankrupt FTX Recovers Over $5B Worth of Assets: Report\\n\\n\\n\\n\\nCoinDesk:\\xa0\\n\\n\\nFTX Creditor Claims Going for 13 Cents on the Dollar on Bankruptcy Marketplace Xclaim\\n\\nAfter Bankruptcy, FTX User Claims Pay Cents on the Dollar\\n\\n\\nFortune: Sam Bankman-Fried\'s lawyers just filed a claim to keep his $450 million in Robinhood shares\\n\\n\\n\\nReuters: U.S. Trustee files objection to FTX\'s planned asset sales\\n\\n\\nThomas Braziel\\u2019s prediction on the FTX claims\\n\\n\\nConnor Grogan\\u2019s take on the $5 billion in assets\\xa0\\n\\n\\n\\n\\nDCG/Gemini:\\n\\nUnchained: Gemini Ends Its Earn Program and Calls for Barry Silbert\\u2019s Ouster\\n\\n\\n3AC\\nKyle Davies\\u2019 comments\\n\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'