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8min chapter
Judging Sam: Judging the FTX Bankruptcy
Against the Rules with Michael Lewis
Uniqueness of FTX Bankruptcy
The chapter delves into the extraordinary nature of the FTX bankruptcy, highlighting the significant assets still held by the bankrupt company, suggesting potential returns for depositors. It compares crypto exchanges to banks in bankruptcy and discusses the impact of asset valuation timing on reimbursements. The discussion raises questions about fairness in the reorganization process and the complexities of balancing legal obligations and financial priorities.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode