There were two kinds of basic accounts that are an issue. The custodial account is like a safety deposit box in a bank. There's less dispute about that. Then there's the kind of deposit where you gave your crypto to an institution, boyager or Celsius and then you allowed that company to then lend it out. Great. You make a higher return than you could get anywhere else. But it turns out that in the fine print, you don't own that crypto anymore. We're waiting on the biggest problem to crop up. And that's 9.6 million customers of FTX.
Bloomberg News Chief Correspondent for Global Macro Markets Liz McCormick discusses how the world’s biggest money managers are split over how much further inflation will retreat from the highest levels in decades. Bloomberg Markets Correspondent Kriti Gupta and Bloomberg News Reporter Simone Foxman break down news from consumer related companies. Lonne Jaffe, Managing Director for Insight Partners, explains why 2023 will be the year that AI truly breaks into the general population’s awareness. Bloomberg News Bankruptcy Reporter Steven Church provides the details of his Businessweek story Crypto Quest for Freedom Ends in Bankruptcy Bureaucracy. And We Drive to the Close with Alan Zafran, Co-CEO at IEQ Capital.
Hosts: Kriti Gupta and Madison Mills. Producer: Paul Brennan.
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