November 30, 2022 12:00 am EST

FTX collapse for investors: watch out for these red flags

The FTX crisis has deterred investor confidence and a number of questions are standing out.

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The FTX crisis has deterred investor confidence and left a number of pressing questions in its wake.

This webinar answers the following:

What were some of the red flags for FTX that other organizations and investors should be looking at?
What will be the future of compliance teams in the crypto industry post-FTX?
Could the FTX implosion lead to new crypto regulation, and, if so, how?

Highlights

In this webinar, sFOX’s CCO and Head of Operations highlight several red flags and concerns in the aftermath of the FTX fallout. They discuss the use of native tokens to prop up asset values, the complex legal structure of FTX, and the lack of due diligence from equity investors. They also discuss the impact on liquidity, the potential for increased regulation, and the importance of understanding trading partners and conducting thorough due diligence.

Timestamps

John, based on what we know now, what are some of the red flags other organizations and investors should be looking at? 3:15

Daniel, what are some of the red flags you saw from the documents? 10:00

Daniel, how have the day-to-day operations of running a prime dealer changed recently? 14:43

How can investors gain more confidence in their trading partners before these types of situations arise? 26:18

How many companies have a native token like FTX, and is a native token the number one flag to look out for? 29:45

Meet The Panelist

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Daniel Hinton is the Head of Operations and Treasurer at sFOX. With a strong background in corporate finance, Daniel has been instrumental in driving growth and improving operational efficiency at the Company. Prior to joining sFOX he held finance positions at a leading high-growth healthcare operator and in M&A advisory.Daniel earned his JD and Master’s of Tax Accounting from The University of Alabama. In his free time, he enjoys participating in various outdoor sports and bitcoin meetups in the Nashville area.

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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.