September 22, 2023

Why FTX Might Try to Claw Back Funds From Retail Customers- Ep. 547

46 minutes

As lawsuits continue to pile up in the FTX saga, FTX chief John Ray III is focused on clawing back funds from former affiliates to pay back creditors. But how might that play out in court? Founder of 117 Partners Thomas Braziel, who specializes in the trading of bankruptcy claims, explains the different paths Ray may choose to go down and the potential outcomes of these cases.

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Show highlights:

The chances of FTX winning in court against Sam Bankman-Fried’s parents

The case against Barbara Fried and Joseph Bankman

Whether civil cases could turn into criminal ones

Whether bankruptcy proceedings and the criminal case against Sam Bankman-Fried are a coordinated effort

What retail clawbacks are and the likelihood that FTX will pursue them

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Guest

Thomas Braziel, founder of 117 Partners

Previous appearances on Unchained:

Will FTX Reboot? Here’s John Ray’s Internal Deadline for Making a Decision

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

Unchained:

New Suit Claims That FTX Kept Its Fraud All in the Family

Stanford University Will Return $5.5 Million to FTX

FTX Sues SBF’s Parents to Claw Back Misappropriated Funds: Report

Full text of the FTX lawsuit against Bankman and Fried

CoinDesk: Sam Bankman-Fried’s Dad Thought His Son Wasn’t Paying Him Enough, So He Got Mom Involved

Bloomberg: How Sam Bankman-Fried’s Elite Parents Enabled His Crypto Empire

The Verge: The best stuff Sam Bankman-Fried’s parents bought using FTX money

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By Laura Shin

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