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#2 - Lessons learned from 3AC and digital asset liquidations with Christopher Farmer I Teneo
#2 - Lessons learned from 3AC and digital asset liquidations with Christopher Farmer I Teneo
The conversation explores the journey of Christopher Farmer, an insolvency practitioner, from his early career in London to his current role in the British Virgin Islands (BVI). He discusses how he got into the liquidation space and his interest in digital assets.
The conversation also delves into the process of liquidation and insolvency, the challenges of tracing assets in the crypto world, and the role of tools like Chainalysis. Farmer shares insights into the 3Arrows Capital liquidation case and the unique challenges it presented. 3Arrows Capital (3AC) is in the process of liquidating its assets and making distributions to creditors.
Key learnings from this process include the importance of education about blockchain and crypto, collaborative partnerships, and working with legal representation experienced in digital assets
Chapters:
5:27 What is liquidation and insolvency and how does it work
08:36 The 3 key pillars of being able to do crypto liquidations
10:52 How does tracing assets different between traditional finance and crypto
12:46 Sending notice to addresses via an NFT - Start at "One of the groundbreaking"
13:59 End short on airdropping NFTs just before this section
14:14 How Teneo was appointed on 3AC
16:08 What are the first steps after being appointed as a liquidator
18:25 The first notice served on Twitter
20:08 Using blockchain data to build evidence for court filings
22:54 Cooperation form exchange in recovering assets for a liquidation
24:49 Challenges in custodying assets that are not supported by custodians
29:22 Selling assets on Sotheby's as part of a liquidation
32:51 Are liquidated assets realized in fiat or can they be paid out in kind
34:58 What happens when the value of assets exceed the valuation at the liquidation date
38:11 Chris' crash course in blockchains and how he upskilled
40:05 Who are the creditors committee and what do they do
44:15 Key learning form the 3AC liquidation
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By The Decentralized Podcast#2 - Lessons learned from 3AC and digital asset liquidations with Christopher Farmer I Teneo
The conversation explores the journey of Christopher Farmer, an insolvency practitioner, from his early career in London to his current role in the British Virgin Islands (BVI). He discusses how he got into the liquidation space and his interest in digital assets.
The conversation also delves into the process of liquidation and insolvency, the challenges of tracing assets in the crypto world, and the role of tools like Chainalysis. Farmer shares insights into the 3Arrows Capital liquidation case and the unique challenges it presented. 3Arrows Capital (3AC) is in the process of liquidating its assets and making distributions to creditors.
Key learnings from this process include the importance of education about blockchain and crypto, collaborative partnerships, and working with legal representation experienced in digital assets
Chapters:
5:27 What is liquidation and insolvency and how does it work
08:36 The 3 key pillars of being able to do crypto liquidations
10:52 How does tracing assets different between traditional finance and crypto
12:46 Sending notice to addresses via an NFT - Start at "One of the groundbreaking"
13:59 End short on airdropping NFTs just before this section
14:14 How Teneo was appointed on 3AC
16:08 What are the first steps after being appointed as a liquidator
18:25 The first notice served on Twitter
20:08 Using blockchain data to build evidence for court filings
22:54 Cooperation form exchange in recovering assets for a liquidation
24:49 Challenges in custodying assets that are not supported by custodians
29:22 Selling assets on Sotheby's as part of a liquidation
32:51 Are liquidated assets realized in fiat or can they be paid out in kind
34:58 What happens when the value of assets exceed the valuation at the liquidation date
38:11 Chris' crash course in blockchains and how he upskilled
40:05 Who are the creditors committee and what do they do
44:15 Key learning form the 3AC liquidation