Joseph Cioffi, Massimo Giugliano and Adam Levy

Valuing Crypto in the Bankruptcy Multiverse

The recent bankruptcy filings by several major crypto platforms have given rise to unexpected realities for customers and investors. The sudden change in rights, legal exposure in bankruptcy litigation and varying outcomes in the several different proceedings can be reminiscent of a Hollywood multiverse where infinite realities are possible. Perhaps the area in which an alternate reality is most...

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