December 27, 2022 12:00 am EST

FTX Bankruptcy: Navigating the Crisis

Following the recent collapse of FTX, over a million of users want to access their accounts, digital assets and funds. What can clients do to regain their lost assets?

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Following the recent collapse of FTX, over a million users want to access their accounts, digital assets, and funds. What can clients do to regain their lost assets?

This webinar addresses the following:

Updates on the FTX Senate hearing
The latest news from the Chapter 11 Bankruptcy proceedings
FTX Claims Overview and Recovery Options

Highlights

In “How to Navigate the Bankruptcy of FTX,” the speakers highlight the advantages of utilizing a licensed Trust Company in Wyoming for bankruptcy protection in the event of insolvency. They stress the significance of conducting thorough due diligence and engaging with regulated entities to mitigate risk when dealing with cryptocurrency exchanges. The speakers ultimately underscore the importance of individuals effectively managing their risk.

Timestamps

What are the differences between Bahamian and US entities? 9:28

What has happened in the initial court hearing? 16:43

Why did the filing for bankruptcy take place? 33:14

What were the FTX asset sales? 36:51

What are the deadlines for filing? 44:15

How can you estimate the value of your claims? 50:25

Meet The Panelist

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He has a wide range of experience with Chapter 11 matters, workouts, rights offerings, recapitalizations, restructuring, post-petition and exit financing, and distressed debt purchases and sales. He has also cultivated expertise in junior capital and special situations financing structures, and frequently represents clients in new money transactions and syndicated and private credit financings. His experience stretches across a variety of industries including shipping, telecommunications, health care, hospitality, real estate, steel, automotive, chemical, energy, transportation, financial institutions, and paper and forest products sectors. Eric is a graduate of Claremont McKenna College, holds a Master of Arts from the Claremont Graduate University, and earned his law degree from the University of Michigan.

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He focuses his practice on complex in-court and out-of-court Chapter 11 matters for ad hoc creditor groups, financial institutions, agents and trustees, official committees, and debtors. Matthew provides distressed-investing advice to investment firms, hedge funds, and other financial institutions. He works in a variety of industries, including real estate, retail, pharmaceutical, infrastructure, finance, shipping, and construction sectors. Matthew has been listed as a leading restructuring lawyer in Chambers USA and the International Financial Law Review. Matthew led the Brookstone Holdings Chapter 11 matter, recognized by The Deal as the 2019 “Restructuring Deal of the Year.” He was also nationally recognized as one of 12 “Outstanding Young Restructuring Lawyers” in 2011 by Turnaround & Workouts Magazine. Matthew earned his J.D., with honors, from Rutgers University, where he was inducted into the Order of the Coif and was the recipient of the American Bankruptcy Institute’s Medal of Excellence. He received his B.A. from Thomas Aquinas College.

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John is currently the Chief Compliance Officer at sFOX. He joined sFOX after more than two decades of extensive operations and regulatory compliance experience at Goldman Sachs where his last position was Senior Vice President, Global Head Regulation Assurance & Compliance. He has worked at Goldman Sachs offices in New York City, Los Angeles, Zurich and London where he oversaw daily compliance across multiple regulators in the OTC derivative margin and collateral sector while also continuing to navigate the rapidly changing derivative regulatory environment as it emerged globally. John also served as a Finance and Risk Compliance Manager at Accenture, where he helped financial institutions manage and transition product suites that could be potentially impacted by compliance and regulatory changes.