Ep. 275: The Legal Fallout Of The FTX Fiasco

One of the cryptocurrency market’s largest exchanges collapsed in particularly stunning fashion last week after some questionable financial entanglements came to light, leading to a “run on the bank” and ultimately the loss of FTX’s $32 billion value. On this week’s episode of Pro Say, we’re talking you through all the legal elements of the FTX fiasco, including the numerous government investigations now underway, how much liability the company’s owner and some celebrity brand ambassadors may be on the hook for, and what this all means for the future of crypto. Also this week, an independent labor activist has filed a charge accusing the Brooklyn Nets of violating federal labor law when it suspended Kyrie Irving; and Law360 Editor at Large Chris Villani stops by the show to discuss yet another turn in the Varsity Blues college admissions scandal, as the First Circuit appears ready to walk back convictions of two implicated parents.