Wassielawyer, a lawyer specializing in restructuring and insolvency, and Thomas Braziel, founder and CEO of 507 Capital, talk about the bankruptcy of FTX.
Show highlights:
what the bankruptcy process of FTX is expected to look like
why FTX got to the the point of filing for bankruptcy protection
why Wassie thinks Alameda is dead
why FTX filed for bankruptcy in the US given that it's a Bahamian company
how FTX's balance sheet is composed and whether it includes Alameda
whether Justin Sun will be dragged into the bankruptcy
how FTX's terms of service differ from Celsius’s and Voyager’s
how the $600 million hack affects the bankruptcy proceeding
whether it's worth it to spend millions of dollars in law firms to go after the hacked money
what's the impact of the 192 million FTT tokens that were printed Saturday night
what will happen with the fork of Serum and the forked tokens
the consequences for all the projects that FTX invested in
why Wassie thinks that tokenizing the liabilities could be a good potential solution
how the FTX's bankruptcy affects Voyager's proceedings and customers
whether FTX’s bankruptcy has put BlockFi in trouble
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Crypto.com
Chainalysis
Minima
Wassielawyer:
Twitter
Thread on community buyout
Previous Unchained episodes:
Why the Messy 3AC, Celsius, and Voyager Bankruptcies Will Drag on for Years
Three Crypto Bankruptcies: 3AC, Celsius and Voyager. What Happens Now?
Thomas:
Twitter
507 Capital
Previous Unchained episodes:
Will Celsius Survive the Bankruptcy Process?
Episode Links
Previous coverage of Unchained on FTX:
Erik Voorhees and Cobie on Why FTX Loaned Out Customers’ Assets
The Chopping Block: FTX: The Biggest Collapse in the History of Crypto?
Sam Bankman-Fried on How to Prevent the Next Terra and 3AC
FTX Collapse:
FTX filed for Chapter 11 bankruptcy protection
Sam Bankman-Fried built a "backdoor" to his FTX exchange to change financial records and move funds without alerting others.
$600 million hack
Unchained coverage:
The Bahamas Loophole: FTX Users Buy KYC Accounts to Withdraw Crypto
Could FTX’s Bankruptcy Trigger a Domino Effect?
FTX May File for Bankruptcy After Binance Walks Off the Deal
FTX Needs $8B to Meet Investor Withdrawals: Report
Tron Founder Justin Sun Says He Is Working With FTX on a Solution
US DOJ Joins SEC and CFTC Probe of FTX
FTX-Issued Wrapped Solana Tokens Could Add to DeFi Contagion: wBTC Creator
Sequoia Capital Writes Off $214M FTX Investment to Zero
Contagion:
Serum Fork in the Works Amid Fears That FTX-Owned Upgrade Keys Are Compromised
BlockFi Halts Withdrawals Amid FTX Crisis
Voyager had to reopen the bidding process for its assets