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What we know about the FTX insolvency 3 years later

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Manage episode 515021177 series 3609787
Content provided by Blockspace Media. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Blockspace Media or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Investigative reporters Jonathan & Sophie dive much deeper into what happened *after* SBF was ousted. Hundreds of thousands of individual customers became creditors, getting paid in dollar values from the bankruptcy filing date when the market bottomed out (Meanwhile, nearly $1 billion in fees went to the bankruptcy process expenses) When you're waiting for money and told you won't get it back while watching massive fee statements pile up, something feels really wrong.

Subscribe to the newsletter! https://newsletter.blockspacemedia.com

Notes:

• FTX had hundreds of thousands of individual creditors

• Creditors repaid in bankruptcy filing at market low

• Nearly $1 billion total in bankruptcy fees

• Sullivan and Cromwell among multiple firms paid

Timestamps:

00:00 Start

02:56 Beginning the investigation

05:37 Interviewing SBF

08:21 Beginning bankruptcy

10:23 The bankruptcy claim experience

13:30 Who handled the bankruptcy?

16:08 What were the FTX assets?

17:35 A complicated portfolio

20:07 Bankruptcy firm double dipping?

22:50 Customer questions

27:56 Are these fees normal?

33:19 Reimbursements to date

35:33 BTC go up

36:58 What's next?

39:35 Next step for journalists?

-

👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!

Enjoy the show? Check out our website and newsletter by clicking here.

Questions or want to sponsor? [email protected]

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

155 episodes

Artwork
iconShare
 
Manage episode 515021177 series 3609787
Content provided by Blockspace Media. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Blockspace Media or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Investigative reporters Jonathan & Sophie dive much deeper into what happened *after* SBF was ousted. Hundreds of thousands of individual customers became creditors, getting paid in dollar values from the bankruptcy filing date when the market bottomed out (Meanwhile, nearly $1 billion in fees went to the bankruptcy process expenses) When you're waiting for money and told you won't get it back while watching massive fee statements pile up, something feels really wrong.

Subscribe to the newsletter! https://newsletter.blockspacemedia.com

Notes:

• FTX had hundreds of thousands of individual creditors

• Creditors repaid in bankruptcy filing at market low

• Nearly $1 billion total in bankruptcy fees

• Sullivan and Cromwell among multiple firms paid

Timestamps:

00:00 Start

02:56 Beginning the investigation

05:37 Interviewing SBF

08:21 Beginning bankruptcy

10:23 The bankruptcy claim experience

13:30 Who handled the bankruptcy?

16:08 What were the FTX assets?

17:35 A complicated portfolio

20:07 Bankruptcy firm double dipping?

22:50 Customer questions

27:56 Are these fees normal?

33:19 Reimbursements to date

35:33 BTC go up

36:58 What's next?

39:35 Next step for journalists?

-

👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!

Enjoy the show? Check out our website and newsletter by clicking here.

Questions or want to sponsor? [email protected]

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

155 episodes

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