Exploring the Emerging Opportunity of FTX’s Carcass Trading in the Crypto Market

Thomas Braziel, a collapsed businesses investor, capitalized on the bankruptcy of FTX by brokering the sale of FTX claims, the company having fallen after founder Sam Bankman-Fried was convicted of stealing $8 billion. Buyers speculate that the claims will be paid back at more than the 50 cent on the dollar that they purchase for. Some of these buyers are financially successful investment firms such as Farallon Capital and others are less reputable. The bankruptcy also attracts speculators due to their belief that FTX, under new leadership, has recovered $7 billion of losses. Although the IRS has filed a $24 billion claim with FTX, Braziel believes the claim is without merit. He is bullish, citing oversubscribed conference appearances and celebrity deals. Buyers must also adhere to know your customer rules, which can restrict claim sales. The status of potential returned payments is uncertain, with over $300 million being spent on administrative fees and taxes. The situation remains in flux with regard to court hearings and the potential impact of the IRS’ involvement.

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The Media Industry’s ongoing struggle to stay relevant in a digital age

The career of Roger Fidler exemplifies a warning: Sometimes, you can predict the future but still fall victim to it. Three decades ago, Mr. Fidler was a media executive promoting a vision of the future for newspapers. The rise of digital technology would allow for news to be accessed on portable devices all day long, […]

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The Continuous Decline of the Media Industry: A Losing Battle against the Future

Roger Fidler has had a front-row seat to the digital revolution in the newspaper industry. Thirty years ago, he was advocating for the future of newspapers as portable digital devices that would offer multimedia content to readers. While his vision has largely come to fruition with people constantly online and engaged with news, traditional media […]

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Biden Takes Action to Limit Sale of Personal Data to China and Russia

President Biden will issue an executive order to restrict the sale of American data to China, Russia, and four other countries in an effort to protect sensitive information from being used for malicious purposes. The order aims to prevent personally identifying data, such as locations, health records, and genetics, from being obtained by these countries […]

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