Everything you need to know about FTX's ongoing bankruptcy process

Quick Take

  • WassieLawyer outlines how the prospects of FTX creditors has improved over the past year, including what to expect in the coming months.

Episode 88 of Season 5 of The Scoop was recorded with The Block's Frank Chaparro and crypto anon WassieLawyer.

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WassieLawyer is a former restructuring lawyer and an active participant in the ongoing conversation surrounding FTX's bankruptcy proceedings.


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In this episode, WassieLawyer outlines how the prospects of FTX creditors have improved over the course of the past year, including what to expect in the coming months.

FTX's investment in Anthropic made headlines recently following reports that the company's most recent valuation could be as high as $30 billion.

00:00 Introduction
00:39 Anthropic Investment
05:00 FTX Ventures
07:14 The FTX Estate
11:02 Unsecured Creditors Committee
15:26 What’s Next for FTX Bankruptcy
17:20 FTX 2.0
20:20 FTX’s Business Model
22:10 Clawbacks
25:24 Bidding for FTX
28:21 Closing Thoughts

Disclaimer: The former CEO and majority shareholder of The Block has disclosed a series of loans from former FTX and Alameda founder Sam Bankman-Fried.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.


About Authors

Davis Quinton is the Director of Podcasts at The Block and runs our flagship podcast called The Scoop, hosted by Frank Chaparro. Since joining The Block as an 'intern' in early 2022, he has worked closely with leaders across departments to translate The Block's written content into engaging multimedia formats. He holds a degree in Social Research & Public Policy from New York University in Abu Dhabi and is based in Sydney, Australia.
Frank Chaparro is the Editor At Large at The Block. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. He runs his own podcast The Scoop and writes a biweekly eponymous newsletter. He leads special projects, including The Block's flagship podcast, The Scoop. Prior to The Block, he held roles at Business Insider, NPR, and Nasdaq. For inquiries or tips, email [email protected].


To contact the editor of this story:
Nathan Crooks at
[email protected]