Distressed Crypto Investing: Buying Claims for Cents on the Dollar | Thomas Braziel

In this episode of Empire, Thomas Braziel joins us to discuss the highly lucrative yet misunderstood world of distressed crypto investing. We start with the basics of how distressed asset investing works; then, we explore the Mt. Gox bankruptcy, how to value bankruptcy claims, what's next for FTX, the tokenization of bankruptcy claims and more! - - Timestamps: (00:00) Introduction (01:57) What Is Distressed Asset Investing? (04:49) Mt. Gox Case Explained (19:26) Circle Ad (21:08) Finding Investment Opportunities (27:09) How to Value a Bankruptcy Claim (30:01) Buying FTX Claims for 3 Cents on the Dollar (31:59) FTX Bankruptcy Jurisdiction Questions (35:57) Tokenization of Bankruptcy Claims (38:32) Will They Separate FTX.US and FTX International Assets? (39:43) What's Next for BlockFi and Genesis? - - Follow Thomas: https://twitter.com/ThomasBraziel Follow Jason: https://twitter.com/JasonYanowitz Follow Santi: https://twitter.com/santiagoroel Follow Empire: https://twitter.com/theempirepod Subscribe on YouTube: https://tinyurl.com/4fdhhb2j Subscribe on Apple: https://tinyurl.com/mv4frfv7 Subscribe on Spotify: https://tinyurl.com/wbaypprw Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Circle’s USDC has quickly become one of the most trusted and widely used stablecoins because of its composability, stability and reserve transparency. As a seamless, trusted digital currency, USDC is a zero-to-one opportunity for the global financial system. Check out their Transparency Hub at http://empirepodcast.link/circle that outlines everything from links to USDC weekly reserve reports, monthly attestations, and blog posts written by their executive team highlighting how and why USDC was built the way it is. - - Resources 507 Capital https://507capital.com/ Memos from Howard Marks https://www.oaktreecapital.com/insights - - Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.