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Planet Money
Planet Money

FTX and the Serengeti of bankruptcy

Apr 19, 2024 · 25m
AI Summary
  • FTX bankruptcy has created a financial feeding frenzy among vulture investors and creditors competing over the company's remains, separate from Sam Bankman-Fried's criminal case
  • Customers caught in the bankruptcy are subjected to a secretive bankruptcy claims trading market where their claims are bought and sold
  • The episode explores how the anatomy of the FTX bankruptcy reveals the risky debt market and the experience of customers in complex bankruptcy proceedings

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