Experienced Bankruptcy Trustee Fred Grede Discusses Intricacies of FTX Collapse

There is a great deal to the colossal mess of the bankruptcy of FTX, the almost absurdly mismanaged "crypto exchange" run by Sam Bankman-Fried and, well, apparently no one else. 

@Messy Times is honored to host Fred Grede who aside from being a fellow University of Chicago alumnus is a very experienced exchange executive and the former bankruptcy trustee who for a decade worked out the Sentinel Management Group collapse starting in 2007, which featured significant financial fraud.   Join us as we touch on a number of the crucial factors which will impact how this whole investigation and bankruptcy process plays out.  Legal jurisdiction - Bahamas v. United States - will likely arise very quickly.  

Status of creditors, status of customers, the role of equity investors, how Sam's $40 million donations to Democrats in the midterms will impact proceedings are just the tip of the massive mountain of his screw up.  There are to be determined complexities around whether any of the groups owned money will form up as a class or whether some larger players will decide to assert claims on their own. All of this and more will be bearing down on Sam and his cohorts living - for now - in the Bahamas.  

After getting a fresh dose of #Enlightentainment from two non-conflicted observers, might we suggest as a palate cleanser that you check out CoinGeek's Bitcoin 101 free course offering?  It is more important than ever that you get a clear handle on this whole Bitcoin Thing: https://tpow.app/ebc70fcc