Free
Laura Shin

Did the Bahamian Government Direct SBF and Gary Wang to Hack FTX? - Ep. 422

Listen in app
Wassielawyer, a lawyer specializing in restructuring and insolvency, explains the first declaration from new FTX CEO John Ray in the company’s bankruptcy case.

Show highlights:

why CEO Ray said there's been a complete failure of corporate controls in FTX

how there was no separation of accounts between Alameda and FTX

whether FTX US customers are in a better position to recuperate their assets

why FTX's Bahamas unit is seeking protection under chapter 15 of the US bankruptcy code

why there's a jurisdictional battle, according to Wassie

whether the Bahamian government is responsible for letting deposits out of the platform

how former CEO Sam Bankman-Fried is trying to save the company

Take Unchained's 2022 survey!
Unchained is doing its annual survey. Tell us how you think we’re doing and how we could improve, whether it be on the podcast, in the newsletter, or in our premium offering. Looking forward to hearing your thoughts!
Thank you to our sponsors!Crypto.com
Ava Labs
DeFi Saver

Wassielawyer:
Twitter

Thread on community buyout

Previous Unchained episodes:

Will FTX Customers Ever Recover Their Assets? Two Insolvency Experts Weigh In

Why the Messy 3AC, Celsius, and Voyager Bankruptcies Will Drag on for Years

Three Crypto Bankruptcies: 3AC, Celsius and Voyager. What Happens Now?

Episode Links
Previous coverage of Unchained on FTX:
The Chopping Block: Why Lenders Didn’t Liquidate Alameda When It Was Underwater

Erik Voorhees and Cobie on Why FTX Loaned Out Customers’ Assets

The Chopping Block: FTX: The Biggest Collapse in the History of Crypto?

Sam Bankman-Fried on How to Prevent the Next Terra and 3AC

FTX Collapse:
First declaration document

FTX filed for Chapter 11 bankruptcy protection.

FTX Wasn’t Authorized to File for US Bankruptcy: Bahamas Liquidators

Vox interview with SBF

Learn more about your ad choices. Visit megaphone.fm/adchoices
0:40:50
Publication year
2022
Have you already read it? How did you like it?
👍👎
fb2epub
Drag & drop your files (not more than 5 at once)