Thomas Braziel

Wassielawyer, a restructuring and insolvency lawyer, and Thomas Braziel, founder of 507 Capital, dive deep into the chaotic bankruptcy of FTX. They discuss the potential recovery of assets for affected customers and the convoluted nature of FTX's balance sheet. Wassielawyer argues that Alameda is effectively dead and explores the legal intricacies of FTX's international bankruptcy. The conversation also touches on the impact of the recent $600 million hack and creative recovery solutions like tokenizing liabilities.

Thomas Braziel, managing partner at 117 Partners, discusses the draft FTX bankruptcy plan, which pays out more in dollar terms to creditors but faces criticisms. He explains the complexities of the plan, inter-creditor disputes, and the role of Sullivan and Cromwell. The episode explores why the plan is significant, challenges faced, and criticisms it has received, shedding light on the rapid formation of the plan and logistical challenges of payouts.

Thomas Braziel, managing partner at 117 Partners, shares his expertise on the intricate FTX bankruptcy plan. He explains how the estate's strategy could lead to payouts exceeding 100% in dollar terms, despite the emotional divide among creditors. Braziel discusses inter-creditor disputes and the controversial 'cramdown' concept, all while highlighting the challenges and criticisms surrounding the plan. He dives into how many depositors lost stablecoins and what this means for the complex recovery narrative in the cryptocurrency landscape.

Thomas Braziel, founder of 117 Partners, shares his expertise on the FTX bankruptcy saga. He discusses the intricate legal landscape, including the potential lawsuits against Sam Bankman-Fried's parents and the moral implications of their actions. Braziel delves into how civil cases could escalate to criminal charges, and the challenges facing creditors in the bankruptcy process. The possibility of FTX clawing back funds from retail customers is also explored, revealing the tough road ahead for investors seeking recovery.

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.