3/◉
Key takeaway is that FTX customers can influence the plan outcome.
Follow the lead of
@sunil_trades
,
@PatRabbitte1
,
@MrPurple_DJ
,
@arush
, and others in the coalition.
Deploy the same strategies mega funds use to get better plan terms.
Plenty of baseball to play.
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Replies
Right, FTX estate bragging when plan not confirmed.
We haven't seen the 3D chess moves deployed in high stakes bankruptcy.
Early this morning got pulled into a meeting with multi-billion dollar fund going over plan disruption strategies.
🧵👇
I also just realized FTX estate is bragging about you getting 118% of claim value, but claim value is from when BTC was $20k~
So while assets did 300%+ only 18% of that is coming back to those owed.
So gross.
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2/◉
They're evaluating acquiring non-customer claims to control a FTX voting class.
They may object to the plan, explore strategic litigation, creating leverage heading into confirmation.
This potentially gets them a greater recovery and other concessions.
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@erinarvedlund
@SBF_FTX
@circle
@SenWarren
@PatrickMcHenry
@RepAOC
@ryancohen
@pulte
@jack
@tim_cook
@sc
@mayemusk
@LisaMonaco
@GurbirGrewalNJ
@GaryGensler
@RepMaxineWaters
@kevinolearytv
@mcuban
@SHAQ
@taylorswift13
@StephenCurry30
@giseleofficial
@elonmusk
@CEOAdam
@leomschwartz
@MaxJReyes
@DennisKelleher
@yaffebellany
@coinbase
@SecYellen
@SECGov
@innercitypress
@kimbal
@sunil_trades
@simoncarter_uk
@SabrinaTHowell
@realDonaldTrump
@DonaldJTrumpJr
@LouDobbs
@DevinNunes
@cz_binance
@NYSE
@Apple
@JohnReedStark
1/31/24 $20 Quintillion Inflate 2⃣5/7/24 $27.3 Quintillion? Only $1 Quintillion➗by 2 Million Claims🟰$500 Billion Each✖️27.3
@TomBrady
@SHAQ
@StephenCurry30
@mcuban
Didnt File Those 💲#⃣? Omnibus Corporate Authority DocuSign 11/10/22, S&C state 11/11/22?
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