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Global Legal Implications of FTX
You’ve probably heard financial regulators refer to crypto as the “Wild West.” But instead of gunfights and sheriffs — crypto is about financial experimentation, hackers, and pretty extreme risk-taking (hoping for extreme returns) — in some cases, with people investing their hard-earned life 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 face in the case of FTX, the crypto exchange that went bankrupt last year. In this episode, we discuss the legal complexities underlying the FTX bankruptcy. And how the rules are changing across jurisdictions – from the sunny Bahamas to the cloudy skies of England. Subscribe to the Bloomberg Crypto Newsletter at https://bloom.bg/cryptonewsletter 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.
January 19, 2023
