The Chopping Block: Will Genesis Creditors Be Made Whole? - Ep. 447
Unchained
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Navigating Credit Defaults in Crypto
This chapter explores the role of credit default swaps in the cryptocurrency world, connecting them to historical financial contexts and the challenges of public company settlements like Silvergate. It highlights the ethical dilemmas of speculating on company defaults, the complexities of claims markets, and the innovative use of smart contracts. The discussion also considers the liquidation of FTX, its implications for future exchanges, and the moral questions surrounding the ongoing bankruptcy process.
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