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Global Legal Fallout From FTX | Bloomberg Crypto
Posted
January 19, 2023
Views
160
Likes
6
Engagement
3.75%
January 19, 2023
160
6
3.75%
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19:22Now PlayingYou’ve probably heard financial regulators refer to crypto as the "Wild West." But, instead of shoot-outs and sheriffs - in crypto, you can get financial experimentation, hackers and pretty extreme risk-taking (in hopes of yielding extreme returns) - in some cases with people investing their hard-earned savings.
People allegedly wronged by crypto are increasingly turning to the law for redress.
The only problem is, how do you fit something so new into laws that are often centuries old? That’s the conundrum lawyers and creditors are confronting in the case of FTX, the crypto exchange that collapsed into bankruptcy last year.
In this episode, we discuss the legal complexities underlying the FTX bankruptcy. And how the rules change across jurisdictions - from the sunny Bahamas to the cloudy skies of England.
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This podcast is produced by the Bloomberg Crypto Podcast team: Supervising producer: Vicki Vergolina, Senior Producer: Janet Babin, Producers: Sharon Beriro and Muhammad Farouk, Associate Producers: Mohsis Andam and Ty Butler. Sound Design/Engineer: Desta Wondirad.
Crypto is the world's hottest financial trend. Digital tokens like Bitcoin and NFTs have moved from niche products to showing up in Super Bowl commercials and song lyrics. Advocates of these new asset classes promise they will democratize the finance industry, and they hail the blockchain technology that backs it all as the future of computing. Skeptics say it's another financial house of cards. No newsroom on the planet is better equipped than Bloomberg to cut through all the noise and provide clarity, context and authority.
In this new daily podcast, Bloomberg’s reporting team will tease out what’s actually important in the crypto conversation. Led by crypto expert Stacy-Marie Ishmael, the podcast will draw on reporters in every region and credible voices in the industry to cover everything from regulation to alt coins to DeFi, and even the environmental impact of the currency that promises to change the finance landscape indefinitely.
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