Wassielawyer, a lawyer specializing in restructuring and insolvency, and Thomas Braziel, founder and CEO of 507 Capital, talk about the bankruptcy of FTX.
Show highlights:
- what the bankruptcy process of FTX is expected to look like
- why FTX got to the the point of filing for bankruptcy protection
- why Wassie thinks Alameda is dead
- why FTX filed for bankruptcy in the US given that it’s a Bahamian company
- how FTX’s balance sheet is composed and whether it includes Alameda
- whether Justin Sun will be dragged into the bankruptcy
- how FTX’s terms of service differ from Celsius’s and Voyager’s
- how the $600 million hack affects the bankruptcy proceeding
- whether it’s worth it to spend millions of dollars in law firms to go after the hacked money
- what’s the impact of the 192 million FTT tokens that were printed Saturday night
- what will happen with the fork of Serum and the forked tokens
- the consequences for all the projects that FTX invested in
- why Wassie thinks that tokenizing the liabilities could be a good potential solution
- how the FTX’s bankruptcy affects Voyager’s proceedings and customers
- whether FTX’s bankruptcy has put BlockFi in trouble
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Previous coverage of Unchained on FTX:
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