Hedge funder that lost $65m on FTX says bankruptcy is going better than expected

Travis Kling is the Founder & Chief Investment Officer of Ikigai Asset Management — a crypto asset management startup that had a 'large majority' of its assets stuck on FTX when the exchange declared for bankruptcy last year.

In this episode, on the eve of former FTX boss Sam Bankman Fried's criminal trial, Kling recounts his story since last November when FTX imploded and explains why he remains optimistic about the potential for recovery.

OUTLINE:

00:56 - Introduction

03:01 - Ikigai’s $65 Million FTX Disaster

05:10 - FTX Estate’s Balance Sheet

08:01 - FTX 2.0

12:01 - Problems with Binance

15:41 - Rebuilding Trust with Exchanges

18:03 - SBF Trial

19:14 - Closing Thoughts