Season 2. Episode 14. January 31, 2024. In re FTX Trading Ltd., et al., chapter 11 bankruptcy case number 22-11068, audio of hearing held in the FTX/Alameda et al. bankruptcy proceedings pending in Delaware, USA #crypto

This is an exceptionally interesting bankruptcy court hearing in the complex international bankruptcy proceedings of FTX/Alameda. It opens with the bankruptcy court's bench ruling with respect to certain issues concerning the estimation of the IRS claim against FTX/Alameda. Does anyone knows... if the IRS wins that it has a multi billion dollar claim then couldn't that lead to the arguably statutorily mandated and arguably optimal result in the chapter 11 cases? In other words could an IRS win lead to return to customers of their stakes, then the rest of the cash, crypto etc. goes to the government/taxpayers, and what is left over would go to creditors with lower priority. Possibly, optimally, the chapter 11 cases could be wrapped up from there without a lot of litigation hanging out on the back end like litigation. But the various litigants and counsel representing them would know better what suits their interests and concerns etc.