3min chapter

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Will FTX Reboot? Here’s John Ray’s Internal Deadline for Making a Decision - Ep. 513

Unchained

CHAPTER

The 510B Claims of John Alameda

This actually also solves a little bit of the mystery around North Dimension, which was that Washington-based bank. They didn't want to have to disclose that customer funds and non-customer funds were being commingled. Luckily, those are 510B claims. So it'll be behind creditors. It's interesting because I think there were a lot of, let's call it connected or potential insiders that were compensated in that way. And I think they should be worriedBecause clearly this is one of the first lawsuits we're seeing out of the estate where John is calling those kind of payment for services transactions out and wants to claw back that money.

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