Hedge funder that lost $65 million on FTX says bankruptcy is going better than expected

Episode 86 of Season 5 of The Scoop was recorded with The Block’s Frank Chaparro and Ikigai Asset Management Founder & Chief Investment Officer Travis Kling. 

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Travis Kling is the Founder & Chief Investment Officer of Ikigai Asset Management — a crypto asset management startup that had a ‘large majority’ of its assets stuck on FTX when the exchange declared for bankruptcy last year.

In this episode, recorded on the eve of former FTX boss Sam Bankman Fried’s criminal trial, Kling recounts his story since last November when FTX imploded and explains why he remains optimistic about the potential for recovery.

OUTLINE:
00:56 – Introduction
03:01 – Ikigai’s $65 Million FTX Disaster
05:10 – FTX Estate’s Balance Sheet
08:01 – FTX 2.0
12:01 – Problems with Binance
15:41 – Rebuilding Trust with Exchanges
18:03 – SBF Trial
19:14 – Closing Thoughts

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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