Transcript Ep.643: How the Top One-Third of FTX Creditors Are Boosting the Payouts for Everyone Else
The draft FTX bankruptcy plan is being lauded for paying out more—in dollar terms—to creditors than expected. But it’s at the cost of customers who held the most valuable assets on the exchange.
Thomas Braziel:
That's their argument. Their argument is like, well, hang on a second. I'm up 10x, you're up 1x, why am I giving up my 10x for a 2x? That's kind of argument. It's not quite like that, but it's I'm showing you the extreme of it. Like someone that had Solana could say they're up 10x and someone that had a meme coin that's at zero, now they'…
Keep reading with a 7-day free trial
Subscribe to Unchained to keep reading this post and get 7 days of free access to the full post archives.