Legal Scrutiny and Regulatory Challenges in the Crypto Industry

As lawsuits continue to pile up in the FTX saga, FTX chief John Ray III is focused on clawing back funds from former affiliates to pay back creditors. But how might that play out in court? Founder of 117 Partners Thomas Braziel, who specializes in the trading of bankruptcy claims, explains the different paths Ray may choose to go down and the potential outcomes of these cases.

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:

• The chances of FTX winning in court against Sam Bankman-Fried’s parents
• The case against Barbara Fried and Joseph Bankman 
• Whether civil cases could turn into criminal ones
• Whether bankruptcy proceedings and the criminal case against Sam Bankman-Fried are a coordinated effort 
• What retail clawbacks are and the likelihood that FTX will pursue them

Thank you to our sponsors!

• Crypto.com
• Arbitrum Foundation
• Thales DAO
• Toku

Guest

• Thomas Braziel, founder of 117 Partners
• Previous appearances on Unchained:
• Will FTX Reboot? Here’s John Ray’s Internal Deadline for Making a Decision
• 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
• Unchained: 
• New Suit Claims That FTX Kept Its Fraud All in the Family
• Stanford University Will Return $5.5 Million to FTX
• FTX Sues SBF’s Parents to Claw Back Misappropriated Funds: Report
• Full text of the FTX lawsuit against Bankman and Fried
• CoinDesk: Sam Bankman-Fried’s Dad Thought His Son Wasn’t Paying Him Enough, So He Got Mom Involved
• Bloomberg: How Sam Bankman-Fried’s Elite Parents Enabled His Crypto Empire
• The Verge: The best stuff Sam Bankman-Fried’s parents bought using FTX money

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