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Laura Shin

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

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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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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
1:42:47
Publication year
2022
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