Exploring FTX's Bankruptcy and Potential Exchange Restart

From “hush money” allegations to a prospective FTX relaunch, it’s been a crazy week for those following the legal saga of Sam Bankman-Fried’s collapsed crypto empire. Perhaps few are following it more closely than 507 Capital founder Thomas Braziel, who specializes in the trading of bankruptcy claims. He explains the significance of a spate of recent headlines and shares newsworthy tidbits from his meeting with new FTX honcho John J. Ray III.

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.

Show highlights:

• what the Daniel Friedberg lawsuit revealed about the whistleblowers of FTX
• how FTX used allegedly false claims in its Series C funding round
• whether Friedberg’s former law firm, Fenwick & West, will suffer legal consequences
• how John Ray is prosecuting the allegedly fraudulent transactions made by FTX
• what stood out to Thomas in his personal dealings with John Ray
• what the timeline is for filing a reorganization plan for FTX
• what the odds are of an FTX 2.0 relaunch, according to Thomas
• why Thomas says that FTT won’t play a role in the potential FTX recovery 
• whether the decision to redact the identities of FTX customers was right

Thank you to our sponsors!

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Guest

• Thomas Braziel, Founder of 507 Capital
• Previous appearances on Unchained
• Will FTX Customers Ever Recover Their Assets? Two Insolvency Experts Weigh In
• Will Celsius Survive the Bankruptcy Process?
• How Crypto Bankruptcy Claims Buyers Will Profit From the Collapse of FTX

Links

• Previous coverage of Unchained on Sam Bankman-Fried and FTX:
• The Chopping Block: Was FTX a Scam From the Very Beginning? 
• How Much Prison Time Is FTX’s Sam Bankman-Fried Facing? 
• Why the Legal Process for FTX and Sam Bankman-Fried Could Take Years
• The Chopping Block: SBF Wants to Win in the Court of Public Opinion. Will He?
• Jesse Powell and Kevin Zhou on How FTX and Alameda Lost $10 Billion
• Is the Collapse of Crypto Lending Over, or Is It Just Starting?
• Did the Bahamian Government Direct SBF and Gary Wang to Hack FTX?
• The Chopping Block: Why Lenders Didn’t Liquidate Alameda When It Was Underwater 
• 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
• CoinDesk: FTX Customers Have Until End-September to Submit Bankruptcy Claims
• Unchained:
• FTX Sues Former Compliance Chief Who Allegedly Silenced Whistleblowers
• FTX Stops Sale of $500 Million Stake in AI Firm Anthropic: Report
• FTX Recovers $7 Billion in Assets in Liquid Assets
• WSJ: FTX Begins Talks on Reboot Amid Regulatory Crackdown on Crypto Exchanges 
• Bloomberg: Bankman-Fried's FTX Halts Sale of $500 Million AI Startup Anthropic Stake

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