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
Unchained is doing its annual survey. Tell us how you think we’re 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!
Thank you to our sponsors!
Crypto.com
Chainalysis
Minima
Wassielawyer:
Thomas:
Episode Links
Previous coverage of Unchained on FTX:
FTX Collapse:
Contagion:
Learn more about your ad choices. Visit megaphone.fm/adchoices
