How Crypto Bankruptcy Claims Buyers Will Profit From the Collapse of FTX

Episode 444

From 3AC to FTX (and possibly more to come), it’s boom times for those trading crypto bankruptcy claims. Thomas Braziel, founder and CEO of 507 Capital, gives a crash course on bankruptcy law, offering the latest updates on the FTX, Celsius, and Three Arrows Capital cases. Plus, insight on how 2023 could finally be the year Mt. Gox creditors get (some) closure.

Show highlights:

how Tom got into crypto with the Mt. Gox bankruptcy and whether "crypto distressed" is an emerging asset class
how buying bankruptcy claims is also a way to buy crypto assets at a discount
how to determine how much value creditors are owed in a crypto bankruptcy
what the marketplaces for buying and selling claims are like
whether it's possible to tokenize bankruptcy claims
whether crypto tokens should be treated as property
what is likely to happen when Mt. Gox creditors are returned their BTC
the importance of Celsius' separation of custodial assets vs. assets in interest-bearing accounts
the likelihood of Celsius being acquired
why the fact that FTX recovered $5 billion in assets is "amazing"
why so many stakeholders disputed the ownership of the $450 million in Robinhood shares
why there's so much difference in the prices of FTX, Voyager, BlockFi and Celsius claims
whether the customer list of FTX should be kept private
what type of creditors are Gemini Earn customers

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Links

Guests:

Thomas:

Twitter
507 Capital
Previous appearances on Unchained:
Will FTX Customers Ever Recover Their Assets? Two Insolvency Experts Weigh In
Will Celsius Survive the Bankruptcy Process?

Episode Links:

Celsius

FTX

Podcast Episode Details

How Crypto Bankruptcy Claims Buyers Will Profit From the Collapse of FTX

Show highlights:

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