Why The Largest Banks Want Your FTX Claims | Matt Sedigh Explains How Bankruptcy Market Works
XClaim is a marketplace that connects bankruptcy claim holders with potential buyers. They recently made the news when it was announced that FTX claims were trading at 13 cents on the dollar. In this episode, Matt Sedigh, founder of XClaim, explains how this market works, why claims will be tokenized, and who the biggest buyers of bankrupt crypto companies claims are. Matt Sedigh: https://www.linkedin.com/in/matinsedigh ►►NORD VPN An essential crypto product to protect your privacy and keep your crypto safe! Sign up on my link below & enjoy the benefits of NORD VPN from just $4 a month. 👉https://nordvpn.com/WolfOfAllStreets ►► JOIN THE FREE WOLF DEN NEWSLETTER https://thewolfden.substack.com/ GET UP TO A $8,000 BONUS IN USDT AND TRADE ALL SPOT PAIRS ON BITGET FOR ZERO FEES! ►► https://thewolfofallstreets.info/bitget Follow Scott Melker: Twitter: https://twitter.com/scottmelker Facebook: https://www.facebook.com/wolfofallstreets Web: https://www.thewolfofallstreets.io Spotify: https://spoti.fi/30N5FDe Apple podcast: https://apple.co/3FASB2c #Bitcoin #Crypto #Trading Timestamps: 0:00 Intro 0:52 What is Xclaim 1:58 Crypto bankruptcies 3:15 Business model 5:40 FTX case 7:00 Voyager 9:20 How people find out about Xclaim 10:40 Trading claims 13:18 How price of Bitcoin influences the price of the claims 17:30 Tokenizing claims 21:10 Distressed assets players 24:25 Crypto native funds trading claims 25:20 $35 billion of funds locked 26:00 Genesis claims 27:22 Lack of regulation 31:20 Fraud is still legal 34:50 Price discovery 35:55 Use cases for claims 37:26 Bankruptcy claims & tokenization 40:45 Is contagion over? 43:55 Claims business is huge 45:40 Wrap up The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.