The New FTX Bankruptcy Plan is Out (don't believe the headlines)
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- Опубліковано 17 тра 2024
- If you have seen recent headlines about the FTX bankruptcy, you are likely under the impression things are going quite well. But in many substantive ways, it's not.
Someone give an award to this girl, please!!!
Your coverage of this FTX story so long after 99% of people thought it was completely over is nothing short of extraordinary. Your research is so important and you present it fantastically!
Thank you so much for covering this with integrity and passion: unfortunately there are no many platforms out there trying to do the same. They are all supporting power and money, not thr truth...
Sullivan & Cromwell partners et al. should be disbarred and assigned mandatory hard labor until 2050 ... shameful. Good report, thanks.
Well, based on how the SBF sentencing went with what everyone called “the worst judge you can get for this type of case” I would bet on they would get a promotion and have the ability to sue the creditors after the ruling in said case if they brought one. In other words, our court system is just fuc*ed and has got to be cleaned out by the voting public.
Important coverage. Too few folks are paying attention
I’m sick of hearing how I’ll be paid back in full. Full of shit is more like it.
Thank you for your Hard Work and endless hours of Time, Thank you.
Hi Carly, I bust your chops every now and again, but I want to thank you for covering the FTX bankruptcy and holding this law firm to account. I'd like to see you cover class action lawsuits where the law firms end up taking way too much of the settlement.
They pulled the same colluded insider sh1t with making Robinhood market sell all holder's Solana at the bottom.
They wouldn't even let people transfer off the platform and forced the market sale and of course Solana jumped right after that.
They market sold my Sol while I was literally sitting in the oncology office getting chemo, then Sol jumped.
I lost out on what would have been life changing money.
THANKS FOR UPDATE !!!
Great video Carly.
I watched a lot of your coverage on the SBF trial but as soon as you started talking about S&C and how them and the like behave is how the average person really gets screwed you moved from a crypto to a "this girl knows what's up" type of source for me. Really well done!!
P.S. BTC is at 66,000 today lol but I know it takes some time to edit and stuff 😄 just giving you a hard time
"We are selling to willing buyers at fair market value!"
The main problem with the bankruptcy is that the lawyers see a big pile of money and think it belongs to them.
S&C only in this for themselves
Ftx sold my bitcoin 1190.19 sold it on May 12/23 47,628,052.07. Current value in 79,685,106.78
I'm was told I'm getting less 20million
Deserved more subscribers
Reminds me of the saying I heard back in 2012 or so: not your keys, not your coin. Terms of service are basically non-binding in a whole mess of ways: it’s a really bad idea to trust them to protect you. That’s what laws are (sometimes) for. Terms of service are for companies to screw you.
Thank's for this video.
Thanks
I hope SBF's lawyers have malpractice insurance, their bad legal advice and encouraging him to declare bankruptcy because they "needed the work" is a massive case for actual competent non corrupt lawyers to take up, that don't screw their own clients over.
The company was literally bankrupt, it had more liabilities than liquid assets. You do realize you have to prove you’re bankrupt to a court, right?
Excellent!
First time I've seen her 👍💐
It REALLY is concerning and troubling how EASY it is for these BIG financial operations to work stuff out when they think no one is looking and has been distracted long enough that they can slide some shady moves into their court filings....
The ONLY thing I can say to rectify how suspicious and "tidy" this whole FTX situation has been is that NORMAL... everyday, working people are being affected by and manipulated by corporate greed AT EVERY TURN so.... We, the people, are learning the ways of the rich and how they schmooze and booze everyone to the top and could careless who gets shitted on the way up...
It's sad.
There is No way to pretend we have level playing fields when stuff like this is happening under the veil of "progress and transparency"... Yeah right!! 😂😂
Why two cameras? Little distracting.
this is the kind of girl i would love to introduce to my parents.. hahaha
There’s no way for customers to get their actual bitcoins back?
They wouldn’t have held anyways lol just be grateful they get anything
I didn't invest, but I absolutely would have. It's so hard to know what we can trust these days
Pardon SBF and reinstate him as CEO now!!!
Hey Carly, your audio level is a bit low on this one.
I dont think “the well recognized brand name” carries a positive image with crypto buyers. Perhaps the liqidation can sell “the platform” to new owners who can rename it and go forward. Maybe Robinhood, or Fidelity.
lol yea. Backend could be completely rebuilt in under a month. What is this 1996?
It's not a task of the bankruptcy team to build a new company that might eventually earn the money to repay the creditors. If someone thinks that FTX could be restarted with great success, please step forward and buy the brand name, software etc. from the bankruptcy team so there is more money to distribute to the creditors.
u seem like u have a bad hangover, nice.
Nobody puts Carley in a corner.
FTX customers were under the illusion that they owned the crypto that they traded for on the exchange but this bankruptcy just reiterates "not your keys ..."
It's unfortunate but how many times does this truth have to be proven?
"At least once more Miss Swan" - Will Turner, Pirates of the Caribbean
It's Orwellian to call theft victims "creditors". Theft victims are not the same as investors in a company that went broke. If Bitcoins were stolen, they should be returned to the rightful owners before seeing if there is money for any creditors.
Bitcoin is speculative. Those who invested back then are getting exactly what they were owed at the time of the bankruptcy, so they should be happy with their return that was priced at the time of the bankruptcy.
You are again proving my point Carly. How can anyone have been scammed if no one lost any money? Who is the real scammer here??? If you investors want more money than what you claim to have been defrauded, are you not the real scammers defrauding the system?? If someone steals your car, and at the time of the THEFT, the MV or the car is say $10k, is your insurance company going to pay you $10k (MV) or are they going to pay you a future value of the car?? You guys are amazing seriously. You are the real scammers here
They should not get their money back.
First
This can be the outcome if you have to gamble. Better invest in something REAL next time.
Real like Enron, SVB, Lehman Brothers, Credit Suisse World Com and Long Term Capital Management?