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1/ There's something off with the FTX bankruptcy. And it's happening tomorrow. Here's what you should know.

Surprised it's taken them this long to make this type of announcement. As crazy as it sounds, this is probably the highest chance FTX has at restoring some type of value and making customers whole.

Well, I just finished reading the Declaration of Daniel Friedberg. It is fair to say that this is one of the more shocking sworn statements I have read in a good long while. If half of what Mr. Friedberg says is true, he has just blown the top off of this bankruptcy case.

Former FTX Regulatory Officer Daniel Friedberg just laid out his opposition to the company retaining law firm Sullivan & Cromwell to file for bankruptcy in the US He alleges people at FTX aligned with the firm purposefully racked up fees and used “funds from customers” to pay 👀

It’s interesting. This maps to some of what SBF seems to be claiming. Does John Ray & S&C have egg on their face?

Apparently it is the “real” Daniel Friedberg appearing on Zoom. Judge refuses to allow Friedberg to testify through Zoom. Judge says the Friedberg declaration is also procedurally improper. So, it is now clear where this is going to end up.

Thanks for having me on, Tucker Carlson