Genova Burns' Bankruptcy Law specialist and Partner Donald W. Clarke, Esq. was interviewed recently by Bloomberg Law for a podcast entitled, "Crypto Winter Means Hard Work for Bankruptcy Lawyers".
"Bankruptcy law is the ultimate countercyclical industry: business is booming when when things get bad. And things have almost never been worse in the crypto world, with even the most prominent coins down more than 40% in just the past year."
On this "special episode" of Bloomberg Law's weekly podcast, "On The Merits", Mr. Clarke and other bankruptcy law industry leaders describe "what it’s like to be an attorney managing the downfall of the titans of crypto."
"Numerous crypto platforms—Voyager Digital, Celsius, BlockFi, and, most famously, FTX—have filed for Chapter 11. That means bankruptcy attorneys have a lot of work on their plates."
"Law spoke to more than half a dozen of the attorneys working on these cases to hear if managing a crypto bankruptcy is just another day at the office. They say nothing in their careers prepared them to unwind what were essentially quasi-banks dealing with some of the most volatile financial assets known to humankind."
To access the full podcast, please click here.
Tags: Genova Burns LLC • Donald W. Clarke • Bankruptcy, Reorganization & Creditors Rights • Bankruptcy Law • Crypto • Bitcoins • BlockFi, Inc.