Will FTX Reboot? Here’s John Ray’s Internal Deadline for Making a Decision - Ep. 513
Jun 30, 2023
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Thomas Braziel, founder of 507 Capital and a bankruptcy claims expert, dives into the chaotic legal saga surrounding FTX. He reveals shocking details from the Daniel Friedberg lawsuit, including whistleblower implications. Braziel discusses potential legal consequences for Friedberg’s former law firm and sheds light on John Ray's strategies regarding fraudulent transactions. He also shares insights about FTX's reorganization timeline and the uncertain chances for an FTX 2.0 relaunch, emphasizing that FTT won't factor into any recovery plans.
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.