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23 days ago

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FTX and the Serengeti of bankruptcy : Planet Money

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FTX and the Serengeti of bankruptcy : Planet Money

For the last year and a half, the story of FTX has focused largely on the crimes and punishment of Sam Bankman-Fried. But in the background, the actual customers he left behind have been caught in a financial feeding frenzy over the remains of the company. On today's show, we do a deep dive into the anatomy of the FTX bankruptcy. We meet the vulture investors who make markets out of risky debt, and hear how customers fare in the secretive world of bankruptcy claims trading.

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FTX and the Serengeti of bankruptcy : Planet Money

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FTX and the Serengeti of bankruptcy : Planet Money

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