FTX US Customers Have Edge Over Non-US Customers
It is very clear: “Meanwhile, the new FTX CEO John Ray, who replaced Bankman-Fried to guide FTX’s restructuring, is trying to rescue funds that were lost by the crypto company’s depositors when the firm spiraled into bankruptcy in November last year….John Ray III, while testifying to the U.S house committee, disclosed that U.S. customers are more likely than other customers to get their money back.” Yes, it is becoming clearer that most US customers will be made whole than their non-US counterparts.
In Tekedia Mini-MBA, we teach a course on company structuring, asset domiciliation, and jurisdictional positioning. There is a reason for that: bankruptcy attorneys typically start from the home before going to the village square.
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