Will FTX Customers Ever Recover Their Assets? Two Insolvency Experts Weigh In - Ep. 420

Published: Nov. 15, 2022, 9:30 a.m.

b'Wassielawyer, a lawyer specializing in restructuring and insolvency, and Thomas Braziel, founder and CEO of 507 Capital, talk about the bankruptcy of FTX.\\xa0\\n\\nShow highlights:\\n\\nwhat the bankruptcy process of FTX is expected to look like\\n\\nwhy FTX got to the the point of filing for bankruptcy protection\\n\\nwhy Wassie thinks Alameda is dead\\n\\nwhy FTX filed for bankruptcy in the US given that it\'s a Bahamian company\\n\\nhow FTX\'s balance sheet is composed and whether it includes Alameda\\n\\nwhether Justin Sun will be dragged into the bankruptcy\\n\\nhow FTX\'s terms of service differ from Celsius\\u2019s and Voyager\\u2019s\\n\\nhow the $600 million hack affects the bankruptcy proceeding\\n\\nwhether it\'s worth it to spend millions of dollars in law firms to go after the hacked money\\n\\nwhat\'s the impact of the 192 million FTT tokens that were printed Saturday night\\n\\nwhat will happen with the fork of Serum and the forked tokens\\n\\nthe consequences for all the projects that FTX invested in\\n\\nwhy Wassie thinks that tokenizing the liabilities could be a good potential solution\\n\\nhow the FTX\'s bankruptcy affects Voyager\'s proceedings and customers\\n\\nwhether FTX\\u2019s bankruptcy has put BlockFi in trouble\\n\\n\\n\\n\\nTake Unchained\'s 2022 survey!\\xa0\\xa0\\nUnchained is doing its annual survey. Tell us how you think we\\u2019re doing and how we could improve, whether it be on the podcast, in the newsletter, or in our premium offering. Looking forward to hearing your thoughts!\\xa0\\nThank you to our sponsors!\\nCrypto.com\\nChainalysis\\nMinima\\n\\nWassielawyer:\\nTwitter\\n\\nThread on community buyout\\n\\nPrevious Unchained episodes:\\n\\nWhy the Messy 3AC, Celsius, and Voyager Bankruptcies Will Drag on for Years\\n\\nThree Crypto Bankruptcies: 3AC, Celsius and Voyager. What Happens Now?\\n\\n\\nThomas:\\nTwitter\\n\\n507 Capital\\n\\nPrevious Unchained episodes:\\n\\nWill Celsius Survive the Bankruptcy Process?\\n\\n\\n\\nEpisode Links\\nPrevious coverage of Unchained on FTX:\\nErik Voorhees and Cobie on Why FTX Loaned Out Customers\\u2019 Assets\\n\\nThe Chopping Block: FTX: The Biggest Collapse in the History of Crypto?\\n\\nSam Bankman-Fried on How to Prevent the Next Terra and 3AC\\n\\n\\nFTX Collapse:\\nFTX filed for Chapter 11 bankruptcy protection\\n\\nSam Bankman-Fried built a "backdoor" to his FTX exchange to change financial records and move funds without alerting others.\\n\\n$600 million hack\\n\\nUnchained coverage:\\n\\nThe Bahamas Loophole: FTX Users Buy KYC Accounts to Withdraw Crypto\\n\\nCould FTX\\u2019s Bankruptcy Trigger a Domino Effect?\\n\\nFTX May File for Bankruptcy After Binance Walks Off the Deal\\n\\nFTX Needs $8B to Meet Investor Withdrawals: Report\\n\\nTron Founder Justin Sun Says He Is Working With FTX on a Solution\\n\\nUS DOJ Joins SEC and CFTC Probe of FTX\\n\\nFTX-Issued Wrapped Solana Tokens Could Add to DeFi Contagion: wBTC Creator\\n\\nSequoia Capital Writes Off $214M FTX Investment to Zero\\n\\n\\nContagion:\\nSerum Fork in the Works Amid Fears That FTX-Owned Upgrade Keys Are Compromised\\n\\nBlockFi Halts Withdrawals Amid FTX Crisis\\n\\nVoyager had to reopen the bidding process for its assets\\n\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'