Will FTX Reboot? Here’s John Ray’s Internal Deadline for Making a Decision - Ep. 513

Unchained

Laura Shin

News, Tech News, Business News

4.6 • 1.3K Ratings

🗓️ 30 June 2023

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

From “hush money” allegations to a prospective FTX relaunch, it’s been a crazy week for those following the legal saga of Sam Bankman-Fried’s collapsed crypto empire. Perhaps few are following it more closely than 507 Capital founder Thomas Braziel, who specializes in the trading of bankruptcy claims. He explains the significance of a spate of recent headlines and shares newsworthy tidbits from his meeting with new FTX honcho John J. Ray III. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Show highlights: what the Daniel Friedberg lawsuit revealed about the whistleblowers of FTX how FTX used allegedly false claims in its Series C funding round whether Friedberg’s former law firm, Fenwick & West, will suffer legal consequences how John Ray is prosecuting the allegedly fraudulent transactions made by FTX what stood out to Thomas in his personal dealings with John Ray what the timeline is for filing a reorganization plan for FTX what the odds are of an FTX 2.0 relaunch, according to Thomas why Thomas says that FTT won’t play a role in the potential FTX recovery whether the decision to redact the identities of FTX customers was right Thank you to our sponsors! Crypto.com Proton Railgun DAO Guest Thomas Braziel, Founder of 507 Capital Previous appearances on Unchained Will FTX Customers Ever Recover Their Assets? Two Insolvency Experts Weigh In Will Celsius Survive the Bankruptcy Process? How Crypto Bankruptcy Claims Buyers Will Profit From the Collapse of FTX Links Previous coverage of Unchained on Sam Bankman-Fried and FTX: The Chopping Block: Was FTX a Scam From the Very Beginning? How Much Prison Time Is FTX’s Sam Bankman-Fried Facing? Why the Legal Process for FTX and Sam Bankman-Fried Could Take Years The Chopping Block: SBF Wants to Win in the Court of Public Opinion. Will He? Jesse Powell and Kevin Zhou on How FTX and Alameda Lost $10 Billion Is the Collapse of Crypto Lending Over, or Is It Just Starting? Did the Bahamian Government Direct SBF and Gary Wang to Hack 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 CoinDesk: FTX Customers Have Until End-September to Submit Bankruptcy Claims Unchained: FTX Sues Former Compliance Chief Who Allegedly Silenced Whistleblowers FTX Stops Sale of $500 Million Stake in AI Firm Anthropic: Report FTX Recovers $7 Billion in Assets in Liquid Assets WSJ: FTX Begins Talks on Reboot Amid Regulatory Crackdown on Crypto Exchanges Bloomberg: Bankman-Fried's FTX Halts Sale of $500 Million AI Startup Anthropic Stake Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi, everyone. Welcome to Unchained, your no-hype resource for all things crypto. I'm your host,
0:08.4	Laura Shin, author of The Cryptopians. I started having crypto eight years ago and as a senior
0:13.6	editor at Forbes was the first mainstream leader porter to cover crypto currency full-time.
0:17.6	This is the June 30th, 2023 episode of Unchained. Ever wanted to use DeFi without being tracked?
0:24.6	Railgun is a leading DeFi privacy solution on Ethereum, BSC, Arbitram, and Polygon.
0:30.5	Shield your funds and use them privately in your favorite DeFi apps,
0:34.1	while Railgun's cutting-edge zero-knowledge system encrypts your data from public view.
0:39.0	Yes, that includes dextrating. Visit railgun.org or use the railway app at railway.xyz.
0:45.6	Secure your crypto accounts with a secure email service. Protonmail is end-to-end encrypted,
0:51.1	meaning that no one, not even proton, can access your emails. Go to proton.me slash Laura.
0:57.6	With the Crypto.com app, you can buy, trade, and spend crypto in one place.
1:02.1	Download and get $25 with the code Laura. Link in the description.
1:07.6	If you've been enjoying Unchained and find the discussions here fascinating,
1:11.0	mind-blowing, or as crypto tends to be, downright bonkers, please share this episode with a friend
1:17.0	to keep the conversation going. Today's guest is Thomas Brazil, founder of 507 Capital.
1:22.8	Welcome, Thomas. Hey, Laura. Thanks for having me.
1:25.9	There's been so much news regarding FTX this week. Let's start with a bombshell of a lawsuit
1:32.0	by FTX against Daniel Friedberg, who served as the Chief Compliance Officer at FTX US,
1:38.4	as well as the General Counsel of what the lawsuit said was, quote,
1:42.7	Bankvin Fried's so-called Crypto-Hedge Fund Elimita. What did the lawsuit reveal and why was it
1:49.0	so shocking? Let's see. Where do I start? Okay. Thanks for having me on again. Let's see.
1:53.5	So the lawsuit was pretty damning because it sort of shows a real pattern of
	...

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