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

Unchained

Laura Shin

Tech News, Business News, News

4.6 • 1.3K Ratings

🗓️ 18 November 2022

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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

Transcript

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0:00.0	Hey, everyone, just a quick note before we begin.
0:03.4	Unchained is doing its annual survey.
0:05.4	Head to surveymonkey.com slash R slash Unchained 2022,
0:09.4	to tell us how you think we're doing and how we can improve,
0:12.1	whether we're being on the podcast in the newsletter or in our premium offering.
0:15.7	Looking forward to hearing your thoughts.
0:17.6	Again, the link is surveymonkey.com slash R slash Unchained 2022.
0:22.6	You can also check the show notes for the link.
0:24.8	Hi, everyone. Welcome to Unchained, your no-hype resource for all things crypto.
0:33.2	I'm your host, Laura Shin, author of The Crypto Peans.
0:36.8	I started a covering crypto seven years ago and as the senior editor of Forbes,
0:40.5	was the first mainstream media reporter to cover cryptocurrency full time.
0:43.8	This is November 18th, 2022 episode of Unchained.
0:47.9	Unchained Daily is now on substack for your recap of news and market updates.
0:52.3	Plus, you can now upgrade to Unchained Premium,
0:54.5	which includes new perks directly through substack.
0:57.6	Visit UnchainedCrypto.substack.com to subscribe.
1:01.7	With the Crypto.com app, you can buy, earn, and spend crypto in one place.
1:06.4	Download and get $25 with the code Laura, link in the description.
1:11.3	Avalanche was built to provide a robust Web3 infrastructure with flexible tools.
1:16.2	So you can build anything you want, any way you want.
1:18.9	Visit avox.network to discover how you can.
	...

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