WassieLawyer

WassieLawyer, an expert in restructuring and insolvency, joins Adam Levitin, a Georgetown Law professor, to dissect the tumultuous bankruptcies of 3AC, Celsius, and Voyager. They delve into the complexities of custodial funds, revealing the risks of commingled deposits. Discussions unveil Celsius's potential shady practices versus Voyager's irresponsibility. They explore the daunting Chapter 11 process, the intricacies of creditor rights, and whether key executives might face jail time, all while navigating the chaotic crypto landscape.

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.

Wassielawyer, a lawyer specializing in restructuring and insolvency, provides a deep dive into the chaotic FTX bankruptcy. He discusses the complete failure of corporate controls within FTX, the troubling mingling of funds between Alameda and FTX, and the complicated legal battles between U.S. and Bahamian jurisdictions. The implications for FTX US customers seeking asset recovery are explored, alongside troubling revelations about former CEO Sam Bankman-Fried's attempts to save the company amidst an unraveling situation.